reverse mortgage fraud: Reverse Mortgage - Know What You're Signing. And to whom. - 09/13/10 01:58 PM
My wife and I were having dinner with her mother yesterday. Her mom's getting up in years and still lives in the big family home on an acre and has seen some decent appreciation even considering the recent bust.
Over dinner she asked if I knew anything about reverse mortgages? I told her I know 2 things about reverse mortgages -
For the right person a legitimate reverse mortgage can be a wonderful thng.
They are currently the most prevalent form of real estate fraud being perpetrated on elderly people.
Now Jan has had a reverse mortgage for 16 … (4 comments)

reverse mortgage fraud: NAR Updates Field Guide To Mortgage Fraud - 09/08/09 07:29 AM

Real estate fraud is alive and well! I don't know how many of you saw last weeks article in The Wall Street Journal on the new twist in real estate fraud. Well, in California it's far from a new twist - we've been warning about 'reverse mortgage fraud' for some time - in fact nearly two years ago I included 'Elder Abuse Mortgage Fraud' in the title of one of my ActiveRain real estate fraud groups.
Because the fact is, regardless of the economy, real estate fraud is always with us - it just morphs to accommodate the trends. For … (1 comments)

reverse mortgage fraud: More Scam Artists Trying To Take YOUR Money. - 04/15/08 11:32 AM
GET IN MY PANTS I don’t know about you, but I’m stretching my pennies these days. I’m squeezing every nickel until Ole’ George hollers. A lot of you are in the same boat. Times are tight right now – people losing their homes, a gallon of gas heading for $4 with a gallon of milk costing even more, auto sales slumping, advertisers cutting their budgets, everybody doing what it takes to get through this little gulley in the financial roadway of life. But it seems every time I turn around there’s somebody else trying to get their hand into my pocket … (7 comments)