2 thoughts on “Forclosure Stopped for 91-Year Old Widow”
Thank you, Fred. People need to read the fine print in their mortgage documents. Too many “sign and date here” without understanding what they’re signing. Even still, there is no excuse to take advantage of the elderly. Loan officers need to explain the options and the consequences of the options.
It is important that people work with highly qualified Mortgage Brokers and lenders when they are obtaining a reverse mortgage. There are more brokers getting into this area of lending every week and most are not qualified to offer this product.
Thank you, Fred. People need to read the fine print in their mortgage documents. Too many “sign and date here” without understanding what they’re signing. Even still, there is no excuse to take advantage of the elderly. Loan officers need to explain the options and the consequences of the options.
It is important that people work with highly qualified Mortgage Brokers and lenders when they are obtaining a reverse mortgage. There are more brokers getting into this area of lending every week and most are not qualified to offer this product.