Reverse Mortgages Redding CA
Mason Mcduffie Mortgage Corp
1636 East St Ste B
Diablo Funding Group
1890 Park Marina Dr Ste-104
Bank Of America Na Charlotte
1661 East St
Accelerated Mortgage Services Inc
1193 Hilltop Drive
Financial Capital Inc
1123 Hilltop Dr
890 Cypress Ave
Ark-la-tex Financial Services LLC
3111 Island Dr
Central Pacific Mortgage Co
2120 Churn Creek Rd
Vitek Real Estate Industries Group Inc
841 Hartnell Ave Ste C
Santa Cruz Mortgage
930 Executive Way #150
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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