The New Rules of Reverse Mortgages

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The HECM Saver program, which offers much lower upfront costs to reverse mortgage borrowers, is growing in appeal among consumers who might not need immediate access to the cash they borrow against their homes. A good site that told me all the truths about reverse mortgages and the information about HECM reverse mortgage program was http://www.reversemortgagelendersdirect.com

Karin Sue of CA 1:36AM December 15, 2011

No man/woman is an island. Get past the rhetoric.

bla of MD 2:03PM November 08, 2010

The reverse mortgages are financed by tax payers. That should raise some eyebrows. Why should we have to pay for someone elses loan.

Jan of CA 12:08AM September 09, 2010

ontyime.txt;4;5

vKBiNHHnFf of 12:10AM August 09, 2009

No, just paying the taxes on a home owned by another doesn't get you the home. Each state has a requirement of a certain number of years the unpaid taxes must "ripen" before being sold as a tax certificate to a 3rd party. And before a tax deed for the property can be issued to the 3rd party, a series of notices must be sent to all parties with an interest in the property -- owner, lender, lienholders, etc.

Joyce Sanborn of OK 12:16PM August 06, 2009

+1

soundtracks of AL 5:13AM July 17, 2009

If a senior does not pay the taxes on the exact date required, some local agencies have informed secret investors and they have paid the taxes unbeknown to the senior. I am not sure if that means eventually the home will go to those who paid the taxes, etc. I'd like that checked into.

NW of MI 1:37PM July 11, 2009

Very interesting site. Hope it will always be alive!

ultram versus norcos of DC 5:17PM July 02, 2009

What are all the costs to a loan of say350000 to a qualified applicant

Ray of PA 9:39AM June 09, 2009

Why are manufacturered homes who lease or rent from mobile home parks not eligible. We live in a reirement park with 400 manufactured homes. Our home are permenantly concreted into the ground. Our home is 68' x 28' and is our only home. We are 64 and 65 years old and retired. We have a mortgage on our home why are we left out. We need your help.

Ina Mae Copeland of AZ 8:06PM March 16, 2009