Archive for January, 2009
Are You Ready For Reverse Mortgage Counseling?
Reverse Mortgage or the Home Equity Conversion Mortgage
Reverse mortgage counseling is primarily for homeowners who are seriously interested in applying for a federally-insured or proprietary reverse mortgage. Specific types of reverse mortgages are discussed in Home Made Money, a publication by the American Association of Retired People (AARP). Reverse mortgage counseling is a legal requirement [...]
Elderly Woman Scammed for $100K Reverse Loan
With the economy continuing to search for footing, fraud and scams are on the rise in the United States. One of the easier groups to target are seniors, whom despite losing thousands in the values of their homes still have a disproportionately higher amount of equity than the average American. One man in St. Paul [...]