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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.

Central Pacific Mortgage Co
(209) 544-7040
3300 Tully Road Ste B 6
Modesto, CA
 
Comunity Lending Inc
(209) 578-1495
1031 Mchenry Ave Ste 11
Modesto, CA
 
Stearns Lending Inc
(209) 579-7770
1101 Sylvan Ave Ste B12
Modesto, CA
 
Organized Labor Credit Union
(209) 527-8731
2112 Mchenry Ave
Modesto, CA
 
Bank Of America Na Charlotte
(209) 549-5313
810 Standiford Ave
Modesto, CA
 
Countrywide Home Loans Inc
(209) 550-5640
3440 Mchenry Avenue Ste E-14
Modesto, CA
 
Guarantee Pacific Mortgage LLC
(209) 526-5156
1101 Sylvan Ave Suite A-1
Modesto, CA
 
Gateway Business Bank
(209) 526-5840
1729 Tully Rd Ste 6A
Modesto, CA
 
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
 

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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