Reverse Mortgages Modesto CA
Ark-la-tex Financial Services LLC
1700 Standiford Ave Ste 130
Organized Labor Credit Union
2112 Mchenry Ave
Gateway Business Bank
1729 Tully Rd Ste 6A
Ambeck Mortgage Associates
3421 Tully Road Ste A
Countrywide Home Loans Inc
3440 Mchenry Avenue Ste E-14
Comunity Lending Inc
1031 Mchenry Ave Ste 11
Mr. Thomas K. Thorson (RFC®), CEP, CSA, LUTCF
1101 Standiford Ave., Suite C-2
Thorson Financial Estate Management, Inc.
Years of Experience: 23
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:
Joe L Dutra Jr Inc
1500 Standiford Ave Bldg 1
Stearns Lending Inc
1101 Sylvan Ave Ste B12
Guarantee Pacific Mortgage LLC
1101 Sylvan Ave Suite A-1
Data Provided by:
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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