Cameron v. Ewing

The opinion of the court was delivered by

OSTRER, J.S.C.

(temporarily assigned).

This appeal presents the novel issue whether the stream of payments due a homeowner under a home equity conversion mortgage, also known as a reverse mortgage, is subject to execution and garnishment for the benefit of judgment creditors of the homeowner. The trial court determined the payments were beyond the reach of the judgment creditors, and denied their motion to compel the mortgagee to comply with a writ of execution. We reverse, reasoning the mortgagee’s obligation to make monthly payments to defendant, the…