Can you figure out why so many Banks are jumping into the REVERSE MORTGAGE SCAM, Banks must be doing good.?
Specially when this deal is backed by the Federal Mortgage enterprises like Fannie Mae or FHA, anyway I heard once that the are privatelly owned and not GOP, explain please!!!
Scam??? You are poorly informed. Reverse mortgages help alot of ppl in our older generation. For instance, their medications total $1000 per month, but their SSI and medicare only give them $600! I am a mortgage loan officer. My grandmother is 87 years old, her home is paid off, why should she live below poverty levels?? None of her children want any inheritance. Why should she live pay to pay on SSI, when she is sitting on income??????? It is not a scam, when applied to the correct areas/demographics. It is monitored by the FTC, Federal Trade Commission.
In order to be eligible for a reverse mortgage, you have to meet certain criteria. Have you really done your homework?
About Reverse mortgage scams and misconceptions.
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Mortgage Wars: How You Can Fight Fraud and Reverse Foreclosure $8.55 A quiet title action can help you save yourhome!Judges across America are dismissingforeclosures because the lenders who have soldmortgages have no legal standing to foreclose.If you have an adjustable-rate mortgage, youcan fight mortgage fraud and foreclosure witha quiet title action and win.When victimized homeowners, reeling frompayment shock, were forced into foreclosure,many refused to leave…. |
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Long-Term Care: How to Plan and Pay for It $15.70 Matthews presents all the information consumers need to make the best choices for long-term care, such as how to: protect assets-arrange home health care-find nursing and non-nursing home residences-rate nursing home insurance policies-understand Medicare, Medicaid and other benefit programs…. |
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Mortgage Wars : How You Can Fight Fraud and Reverse Foreclosure $12.2 No Synopsis Available |
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