Really no basement and no well = No reverse Mortgage? What do the people in Arizona or Cali do? I know lots and lots of people out there that have town water and are on a slab. Pretty much every house out there is on a slab. Where my Condo (Small house we own, land we do not.) is in Nashua many are on slab. I am lucky to have a full basement, but most do not. We are all on town water down there. I don't get it???????