Tag: mortgage scams
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Reverse Mortgage Problems: When to Stay, and When to Walk Away
Reverse mortgages are designed for senior homeowners. They’re advertised as a super power available to longtime deed holders. The idea? When you’re low on cash, tap into your many years of equity-building. Draw financial strength from your property’s value. Sounds good, and yet pitfalls await the unwary. Reverse mortgages allow borrowing to increase, and home equity…
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Heirs, Protect the Seniors in Your Life From Deed Theft
A 91-year-old Floridian recently sent a payment to his insurer. Then the agent called to say the company wouldn’t be able to renew the homeowner’s policy. The deed had been transferred. The home was now legally owned by another person. Some days later, from his bedroom, this shocked and disoriented senior heard three people come…
