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Reverse Mortgages Redding CA

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

Bank Of America Na Charlotte
(530) 242-6363
1661 East St
Redding, CA
 
Ark-la-tex Financial Services LLC
(530) 243-8803
3111 Island Dr
Redding, CA
 
Premierwest Bank
(530) 339-4113
890 Cypress Ave
Redding, CA
 
Central Pacific Mortgage Co
(530) 224-5833
2120 Churn Creek Rd
Redding, CA
 
Accelerated Mortgage Services Inc
(530) 226-0150
1193 Hilltop Drive
Redding, CA
 
Diablo Funding Group
(530) 244-8501
1890 Park Marina Dr Ste-104
Redding, CA
 
Mason Mcduffie Mortgage Corp
(530) 244-5857
1636 East St Ste B
Redding, CA
 
Prime Financial Group Inc
(530) 226-1111
280 Hemsted Drive Ste 100
Redding, CA
 
Seattle Mortgage Company
(800) 386-8700
1751 Hartnell Ave Ste 2
Redding, CA
 
Financial Capital Inc
(530) 223-7770
1123 Hilltop Dr
Redding, 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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