Seniors 62+ Save your home and Stop Foreclosure

Mortgage and Lending with REO Management L.L.C.

Mi Reverse Mortgage lender Stops Foreclosure Using FHA HECM. Reverse Mortgages

Economic times have hit the elderly hard, by the downturn in the economy, loss of jobs, and decreased income, senior home owners are looking for help. Many senior Citizens on fixed incomes are now feeling the pain of adjustable rate mortgages, living on fixed incomes, and the lack of job opportunities have been forcing many seniors out of their homes. A local reverse mortgage couple have been working together to help senior citizens remain in their homes by utilizing the federally insured reverse mortgage.

A government insured loan by FHA often called a HECM loan, home equity loan, or Reverse Mortgage loan is not based on credit scores, income, or debt ratio's , like a conventional, home equity, second or third mortgage would require. The loan is primarily based on the equity in the home, and the age of the owners. Bob and Tonya Horton have established REO Management LLC, to settle debt for homeowners, when ever possible senior home owners 62 and over, can utilize the hecm reverse mortgage and go from foreclosure to living in the home with no house payments.

Bob is a reverse mortgage specialist with the states largest reverse mortgage lender. His wife Tonya assist him in processing the loans. When the downturn in Real Estate hit, they decided they needed to do something to help people hurting in Foreclosure, and REO Management LLC came to fruition. REO Management LLC works to mitigate the pay off the lender will accept, so the homeowner can either refinance with Bob and Tonya Horton with the RM (reverse mortgage) or sell their home.

REO Management is set up to help homeowners of all ages facing foreclosure, by working with their lenders to accept a pay off of less than what is owed, often called a short sale or short pay off. There are benefits to all homeowners facing foreclosure to utilize the short sale process. Now Senior Citizens may be able to stay in their homes, and stop foreclosure using the hecm Reverse Mortgage.

Bob and Tonya work all over the state of Michigan. They can help Senior Citizens across the entire state receive a hud approved reverse mortgage. The reverse mortgage will help the senior face financial freedom, and they will not have to pay house payments ever again as long as they live in the home. The senior citizen does not have to be facing foreclosure in order to obtain the mortgage. Because of the volume of loans Bob and his company can do, and the variety of programs available, Bob can generally save the senior some money on closing cost, and even help them receive more than the typical lender. Bob can help someone over 62 retain a hecm loan in every city, and any county in MI., including Genesee County, Jackson County, Ingham County, Oakland County, Washtenaw County, Shiawassee County,Lapeer County, Deerfield Township, Genoa, Green Oak, Hamburg, Handy, Heartland, Howel, Iosco, Marion, Oceola, Putnum, Tyrone, Unadilla, Brighton, Pinckney, Fowlerville, Brighton Township, Argentine, Atlas, Burton, Clayton, Clio, Davison, Fenton, Flint, Flushing, Forest, Gaines, Genesee, Goodrich, Grand Blanc, Linden, Mount Morris, Mundy, Otisville, Richfield, Swartz Creek, Thetford, Vienna, Montrose, Lapeer, Oregon, North Branch, West Branch, Grayling, Gaylord, Petosky, Cheboygan, Grand Traverse, Saginaw, Midland, Caro, Ubly, Millington, WhitmoreLake, and many more.

Bob and Tonya have been Real Estate investors for over 20 years, are members of the Genesee Landlords assoc., and are preferred investors at The National Real Estate Network LLC founded by Mark Maupin. They have taken numerous Real Estate Courses, and are working with Jeff Kaller, Mr. Pre-foreclosure . REO Management LLC their mitigation Co. are members of the BBB in good standing, and have been helping people of all ages work to own and retain home ownership for over 7 years doing conventional, FHA, conforming, non conforming, and reverse mortgages.

Bob and Tonya Horton can be reached at or you can call 810-SENIORS( 810-736-4677)


Almost anyone age 62 or over can obtain a reverse mortgage, REO Management LLC, can work to obtain a Short Sale for any home owner in default. A short sale can benefit a home owner of any age to help sell their home. Senior Citizens age 62 or older may be able to retain their home, using a short pay off and reverse mortgage. Using an FHA insured reverse mortgage loan, a Senior Citizen can stay in their home until they pass or sell the home, and no longer have house payments.

Comments (2)

Natalie Langford
Realty Negotiations - Winchester, VA
Winchester, VA Real Estate
Welcome to AR, Bob & Tonya.  It looks like you're off to a great start!
Mar 06, 2008 03:07 PM
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

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Troy Trumm
Mar 07, 2008 01:02 AM