victorville: Reverse Mortgages and Foreclosures
- 08/22/07 11:38 AM
Do you have a senior citizen client in foreclosure? Did you know that if your client is over 62, has sufficient equity, and lives in the home, they can obtain a Reverse Mortgage to cure that foreclosure? It doesn't matter what the seniors FICO is or isn't. It doesn't matter what their income is or isn't. There is no income or credit qualification for this program. The only reason I would look at a client's credit report is to look for judgements or tax liens. My first foreclosure file was something else. My client had so much deferred maintenanance it wasn't … (6 comments)
Do you have a senior citizen client in foreclosure? Did you know that if your client is over 62, has sufficient equity, and lives in the home, they can obtain a Reverse Mortgage to cure that foreclosure? ;)
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