» » ยป

Reverse Mortgages Sacramento CA

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

Gml Mortgage Inc
(916) 448-5550
608 29Th Street
Sacramento, CA
 
Oaktree Funding Corporation
(800) 429-5000
3035 24Th Street
Sacramento, CA
 
California Housing Finance
(916) 323-2022
1121 L St Suite 103
Sacramento, CA
 
California Mortgage Bankers Association
(916) 446-7100
980 Ninth St Suite 2120
Sacramento, CA
 
Sierra Pacific Mortgage
(916) 444-7511
617 14Th St
Sacramento, CA
 
Public Emplo Retirement System
(916) 326-3400
400 P Street Room 3310
Sacramento, CA
 
Neighbors Financial Corp
(916) 732-2340
1314 H Street Suite-100
Sacramento, CA
 
Network Funding Lp
(916) 631-1535
980 9Th St Fl 16
Sacramento, CA
 
Sacramento Mortgage Inc
(916) 732-9080
2782 21St Street
Sacramento, CA
 
Comunity Lending Inc
(916) 565-1212
320 N 10Th St Ste 100B
Sacramento, 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.

Click here to read more from TheAdvice.com