Reverse Mortgagehttp://www.mortgagenewsdaily.com/wiki/Wiki-ReverseMortgage.aspReverse Mortgage QuestionsenCommunityServer 2008 SP2 (Build: 31106.96)Reverse Mortgage Liabilityhttp://www.mortgagenewsdaily.com/wiki/Reverse_Mortgage_Liability/6110.aspxMon, 26 Mar 2007 04:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:6110Glenn Setzer0http://www.mortgagenewsdaily.com/wiki/6110/AnswerQuestion.asphttp://www.mortgagenewsdaily.com/wiki/6110/AnswerQuestion.aspMy wife and I are both in our 70's and looking at a reverse mortgage. We have two questions: 1.Who is liable, if the value of our house drops below the amount we have borrowed on it? 2. What is the definition of "net sale proceeds" as used in the Limited Liabilety clause which says, "Your liability under the Plan is limited to the net sale proceeds from the sale of your property"?