Maintaining prop 13 (Ca.) on a Reverse Mortgage buybackMy aunt's home which is in trust to me is valued at about 700K, she has about a 350K balance on a reverse mortgage, I want to make her balance my first and payoff the RM, do I have to wait for her to past to get Prop 13 (Tax) savings, or can I keep tax same if she gifts it to me now ?? She was given 6 months, I believe I have 1 year to either sell or assume the house by paying back the RM, I currently also reside in said home with her. OR, is it smarter to just live in house after she passes, wait until the 11th month and then get a loan to pay back RM..Interest on RM is 1.5% May 28 2014 - North Hollywood00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.