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Reverse Mortgages Chico CA

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

Home123 Corporation
(530) 343-6010
40 Constitution Dr Ste E
Chico, CA
 
American Pacific Mortgage
(530) 624-0210
1051 Mangrove Ave Ste 1B
Chico, CA
 
Countrywide Home Loans Inc
(530) 897-6070
110 Mission Ranch Blvd
Chico, CA
 
Gateway Business Bank
(916) 894-5695
535 Wall Street
Chico, CA
 
American Pacific Mortgage
(530) 877-9464
6200 Clark Rd Ste A
Paradise, CA
 
Butte Community Bank
(530) 899-7100
1390 Ridgewood Drive
Chico, CA
 
Community Hsg Improvement Program
(916) 891-6931
1001 Willow St
Chico, CA
 
Real Estate Loan Center Inc
(530) 894-4590
1101 El Monte Ave
Chico, CA
 
Oaktree Funding Corporation
(800) 429-5000
35 Burkeshire Ct
Chico, CA
 
Gold Country Lenders Inc
(530) 877-3455
7080 B Skyway
Paradise, 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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