I once saw a bank make a rookie mistake.

> Mom grants house to herself and her two kids in joint tenancy.

> Bank later gives mom a reverse mortgage secured by the house.

> Mom dies.

> Lender tells daughters that the house is going to be sold to pay off the mortgage.

> Daughters come to me.

> I kindly remind the lender that they lent against one joint tenants interest and that the interest automatically terminates on death, leaving them without any security interest in the property, i.e. their loan was stripped.