Understanding Reverse Mortgages From Beginning to End
This site is dedicated to the consumer. The purpose is to educate the consumer, explain consumer rights and protections in every step of a reverse mortgage from origination, servicing, default repayment plans, maturity, and foreclosure. Be in charge of your Reverse Mortgage by understanding the terms and your rights.
Frequently Asked Questions:
Do You Know 99% Of Consumers Have No Idea If A Reverse Mortgage Will Benefit Or Financially Ruin Them? LEARN what you need to know and do to make sure a Reverse Mortgage is "right" for you. Learn More...
Once you have a reverse mortgage your loan will be sold or handled by a loan servicer where you are a loan number and property address. Servicing should be the smooth part of the loan process but often is where the trouble begins. Learn More...
Do you know about 50% of Non-Borrowing Spouses do not meet the requirements to remain in their home for life and will face foreclosure? LEARN: What to do now to meet the requirements when the Borrowing Spouse dies to remain in your property for life and avoid foreclosure. Learn More...
There are 17 legal triggers to default. The most common being the death of the Borrower, tax and/or insurance defaults, failure to maintain your property. or occupancy reasons. Wrongful foreclosures happen when the Servicer violates federal regulations, consumer protections, and State Laws. Learn More...
Understand the few regulatory rights and options the consumer has can help you avoid foreclosure. LEARN: What are your rights and how do they apply to you? Learn More...
Are you aware 18% of all reverse mortgages are in default for non-payment of taxes and/or insurance? LEARN: Help Programs and resources in your State. Learn More...