The answer to the question of whether a family member can take over a reverse mortgage is yes. In fact, it's not uncommon for borrowers to pass on their reverse mortgages to family members after they have passed away or moved into an assisted living facility. Families may also be able to transfer ownership of the loan and its associated obligations in cases where there is significant financial hardship or illness that prevents repayment from occurring. However, there are some important things you should keep in mind before considering this option: first and foremost, the new borrower must qualify for the loan under all applicable lending requirements; second, any previous unpaid balances must be paid off by either party prior to assuming ownership; finally, all parties involved should carefully consider potential tax implications related to transferring such an asset. With careful consideration and planning with your lender's assistance though, taking over a reverse mortgage can provide peace of mind and financial security for both parties going forward.