Most reverse mortgage lenders will require the reverse mortgage accommodation bond loan to be repaid within 12 months from the time of your death. If the property is sold, the loan will be fully repaid. Your executors may decide may keep the property. They will then recover the net proceeds of the bond and repay the bulk of the bond loan. If there are insufficient net proceeds available, the executors may decide to arrange their own loan to clear the reverse mortgage loan fully.