Reverse Mortgages Ripe for Consumer Abuse?

In addition to the above My sister was an invilid and had Dementia. Her treating doctors wrote letters stating she did not have the mental capacity to understand the complexities of a Reverse Mortguage or the mental capacity to enter into a legal contract. This information was given to B. of A. FHA and HUD but made no difference. the so called HUD counsler allegedly interviewed my sister over the phone. The interview check off sheet had no questions as ask if she were taking any medications, (she was on 15 meds including Oxycodene); had talked to any family members or attornies; or felt she was mentally competent to contract. The HUD counsler refused to meet me or talk to me.

I have personally heard her social workers representing they were my sister when conductng business on the phone. My sister was a complete invilid and required almost constant help even to take her meds. This is a Crime of Elder Abuse possiably by one of the social workers, the salesman and Poor HUD counsling practices, which all add up to a tragedy. I am going to be homeless unless something can be done by Congress or HUD issuing a waiver.

Larry Anderson of CA 4:27AM October 28, 2009