Buy a house with reverse mortgage?

[Nicholas Morgan]

May have an opportunity to buy an off market house from an older gentleman. He mentioned his house has a reverse mortgage on it.

I don't know much at all about a reverse mortgage.

• who owns the house now? Him or the bank?

• is it possible to buy a house that has a reverse mortgage?

• what complications or watch outs do I need to know about when potentially buying a house with reverse mortgage?

• also, if someone is able to provide a quick synopsis of how a reverse mortgage works, that'd be awesome!

Thanks!

Nicholas