The foreclosure process may only be initiated during the loan term in the event of death, non-payment of taxes/insurance, severe disrepair of the home, or a change of the owner-occupied use of the property. Following the Maturity Date, a foreclosure could be initiated if the outstanding balance is not repaid. It is important to read the loan documents provided and fully understand the terms of the Reverse Relief mortgage, as well as ask questions of both HCS Equity and the HUD-Approved counselor.