Can my family members lose their home?

Even if your parents or other family members sign up for a reverse mortgage, they -- not the lender -- retain the title to their home, so it shouldn't be at risk. The government insures HUD reverse mortgages, so if they eventually sell the house for less than the amount of the reverse mortgage, the government, not your family, will pay the difference. They still own their home, and the government guarantees that they can't be forced to sell or move.