The intrinsic problem is that it forces an individual or group to perform an action based upon the actions of another individual or group. It forces you to divest of something you have received without any consideration of your desire to keep it or not.
Sounds a lot like Obamacare
“If you like your [family home], you can keep it...NOT”
Well, ... If it's really a "family home" then the title should have the family members' names on it. If not, then it's not a "family home", it's the parents' home. There is no way to arrange a mortgage, reverse or otherwise, without the consent of all the parties on the title.
This is a really good reason not to put a lot of "sweat equity" into one's parents' home without having one's name put on the title.
I know next to nothing about the reverse mortgage programs. I thought it was based
upon the equity you had in the home to which a portion could be paid to you/spouse
via the reverse mortgage program. Maybe I’m wrong as I haven’t explored the
details in any degree.