Real estate blog entries tagged with rex by Corey Matelli (Reverse Mortgage Company)

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Home : Blogs : Corey Matelli : Corey's Blog : Tag "rex"

rex: Reverse Mortgage vs. REX Agreement - 03/10/08 11:42 AM

Over the weekend, I received the following question from a reader in Illinois:
Corey - do you have any thoughts on the REX Agreement? They have been advertising a lot here in Chicago and I’d like to understand how it works better. They are extremely complicated and seem rife with potential pitfalls.
Real Estate Equity Exchange, or REX, is not technically a loan. Unlike reverse mortgages, which are available in all 50 states, REX agreements are only available in California, Colorado, Illinois, Florida, New Jersey, North Carolina, Virginia and Washington state. The homeowner and real estate investment company establish an … (3 comments)

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Corey Matelli

San Jose, CA

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