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Avoid Reverse Mortgage Scams

While I was perusing Google for the latest FHA information, an article that mentioned reverse mortgage scams caught my eye. Although this particular article had very limited information, I did a little digging and found an excellent article for avoiding reverse mortgage scams by Tim Paul at Ezine Articles. The 5 scams he details are:

  • Downplaying pre-loan counseling
  • Forgery
  • Charging for free information
  • Posing as a government or not-for-profit representative
  • Bundling things with reverse mortgage financing
  • He gives a thorough description of each scam, including media reports of specific instances, and offers precautions for each situation. The article is a few years old, but it is just as relevant as if it had been written today.

    One Response to “Avoid Reverse Mortgage Scams”

    1. reverse mortgage |

      Thanks for this very informative tips…

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