about 10 years ago. My mom has since passed away. My dad is elderly now and we are looking at options to fund assisted living. I've heard mixed opinions on whether we would receive any equity from the sale of the house.

I don't have the exact numbers, but the current balance on the reverse is about $350K. We think we could sell it for about $620K.

I've heard that he would receive the equity from the house and now I've heard that the bank would pocket the equity.

Does anybody have experience with something like this?