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REVERSE MORTGAGES…. REMEMBER THE OLD SAYING, IF IT SOUNDS TOO GOOD TO BE TRUE…..??
Robert Wagner, Fred Thompson, Henry Winkler…. those TV commercials pitching reverse mortgages… What could go wrong? Actually, a lot:
http://www.cbsnews.com/news/reverse-mortgages-dont-let-the-fonz-sell-you/
http://www.consumersunion.org/pdf/reverse-mortgage-report-2010.pdf
Recently we’ve agreed to help Mrs. Gravlin who was placed into foreclosure as a result of a reverse mortgage. Her story is really fantastic and tragic.
We have filed a counterclaim on her behalf, it is here on our website, the Bank of America v. Virginia Counter-Complaint.
If you or loved ones already have a reverse mortgage, or you are considering one, educate yourself. Remember, knowledge is power.
Stay tuned……