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Reverse Mortgages Bakersfield CA

With the recession in full swing and unemployment rising, unscrupulous predatory lenders in Bakersfield are taking advantage of seniors. One of the areas in which they are particularly insidious is selling reverse mortgages.

Belvidere Networking Enterprises
(661) 862-5520
2437 Oak St
Bakersfield, CA
 
American Lending Network Inc
(661) 632-1983
1701 Westwind Dr Ste 110
Bakersfield, CA
 
Maverick Residential Mortgage Inc
(661) 321-9199
1901 Brundage Ln
Bakersfield, CA
 
Network Source Funding Inc
(661) 635-3377
5001 California Ave Ste 215
Bakersfield, CA
 
First Magnus Financial Corp
(661) 325-2556
5555 Business Park S Ste 200
Bakersfield, CA
 
Kern Central Credit Union
(805) 395-3032
2100 H Street
Bakersfield, CA
 
Everett Financial Inc
(661) 861-8200
1109 Chester Ave
Bakersfield, CA
 
Open Mortgage LLC
(661) 325-2231
500 East Truxton Avenue
Bakersfield, CA
 
Gateway Bank Fsb
(661) 328-8850
5201 California Ave Ste 370
Bakersfield, CA
 
Karpe Mortgage Inc
(661) 836-4449
4040 Ming Ave Ste C
Bakersfield, CA
 

Reverse Mortgages

With the recession in full swing and unemployment rising, unscrupulous predatory lenders are taking advantage of seniors. One of the areas in which they are particularly insidious is selling reverse mortgages.

There are a host of reverse mortgage scams that are plaguing our senior citizens and steps are being taken to stop it.

According to HUD, deceptive practices and allegations of high-pressure sales tactics are being directed at senior citizens under the guise of a helpful and legitimate reverse mortgage. Borrowers also run the risk of being steered into inappropriate loans and annuities by sales agents and insurance brokers who could be working together without disclosing that relationship to the borrower.

For more information on reverse mortgages for seniors visit HUD.

Our seniors are particularly vulnerable these days to the scams that pervade our society. Given the fact that so many seniors may be in financial trouble, they become victims of relentless individuals and companies that seek to prey on their immediate financial concerns.

If your parents are considering a reverse mortgage, accompany them when they seek advice from a counseling agency so that you can assist them with any and all questions relating to reverse mortgages.

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