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Advisory Issued On Mortgage, Florida Foreclosure Scams
TALLAHASSEE, FL – Attorney General Bill McCollum has issued a consumer advisory on mortgage fraud and foreclosure-related scams. Noting that Florida now ranks first in the nation for the number of home foreclosures, the Attorney General encouraged Floridians to educate themselves about the various types of mortgage fraud and learn about the foreclosure process to [...]
New reverse mortgage lending limit increased to $625,500
The mortgagee letter 2009-07 was released today setting the new nationwide lending limit for reverse mortgages (HECM) to 5,500. This was changed as a result of the American Recovery and Reinvestment Act of 2009 (ARRA) that was signed into law February 17th of this year. For a time period between …
Reverse mortgages mentioned in rethinking retirement article.
This website has often mentioned the notion of having financial planners consider the use of reverse mortgages as possible tools in their planning arsenal. Some financial planners are up to speed on the effective cash flow capabilities a reverse mortgage can provide and others are not very well versed …