Reverse Mortgages Modesto CA

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

Comunity Lending Inc
(209) 578-1495
1031 Mchenry Ave Ste 11
Modesto, CA
 
Central Pacific Mortgage Co
(209) 544-7040
3300 Tully Road Ste B 6
Modesto, CA
 
Guarantee Pacific Mortgage LLC
(209) 526-5156
1101 Sylvan Ave Suite A-1
Modesto, CA
 
Mr. Thomas K. Thorson (RFC®), CEP, CSA, LUTCF
(209) 522-0250
1101 Standiford Ave., Suite C-2
Modesto, CA
Company
Thorson Financial Estate Management, Inc.
Qualifications
Education: BA
Years of Experience: 23
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Healthcare Accounts, Charitable Foundations, Asset Protection, Compensation Plans

Data Provided by:
Carrollton Mortgage Co
(888) 730-5200
121 E Orangeburg Ave Ste 1
Modesto, CA
 
Modesto Cma Inc
(209) 524-6000
1217 Standiford Ave
Modesto, CA
 
Ambeck Mortgage Associates
(209) 521-4480
3421 Tully Road Ste A
Modesto, CA
 
Gateway Business Bank
(209) 526-5840
1729 Tully Rd Ste 6A
Modesto, CA
 
Organized Labor Credit Union
(209) 527-8731
2112 Mchenry Ave
Modesto, CA
 
Countrywide Home Loans Inc
(209) 550-5640
3440 Mchenry Avenue Ste E-14
Modesto, CA
 
Data Provided by:

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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