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[+] TSS Abstract Express - Smitty Strickland/SC (2 replies)
3/7/2008 1:37:19 PM (3628 views)

[+] PA Abstractors... Can you help? - Kolin/NY (6 replies)
3/5/2008 4:03:19 PM (3565 views)

Sovereign Title Agency LP - . APS/NY
3/5/2008 3:21:11 PM (5268 views)

[+] Wow Rob that's alot of companies - Amy Tatusko/VA (1 reply)
3/4/2008 7:38:53 PM (3764 views)

[+] hot list or leads - Derrick whitaker/NC (2 replies)
3/4/2008 3:05:13 PM (3316 views)




[+] Lender Services Direct - Joyce/NM (16 replies)
3/4/2008 11:28:00 AM (4281 views)

[+] Millard Rubenstein - . APS/NY (1 reply)
3/4/2008 10:51:58 AM (4806 views)

[+] Outsourcing - Janis Talbot/SC (4 replies)
3/4/2008 8:06:54 AM (3417 views)

[+] Just Out of Curiosity... - Scott Perry/PA (15 replies)
3/3/2008 8:09:30 PM (3316 views)

Mortgage Company Leads - Mark Russomanno/NJ
3/3/2008 6:42:03 PM (2648 views)

[-] Reverse Mortgage Problem? - Kevin Ahern/CT (6 replies)
3/3/2008 9:21:55 AM (4652 views)
Re: Reverse Mortgage Problem? - KELLY ROBERTSON/CA
3/3/2008 9:31:57 AM (4305 views)
Re: Reverse Mortgage Problem? - Kevin Ahern/CT
3/3/2008 9:48:01 AM (4274 views)
Intelligent life has left the building... - Bobbi Shorthouse, Notary Public/CT
3/3/2008 1:34:36 PM (4304 views)
Re: Reverse Mortgage Problem? - KELLY ROBERTSON/CA
3/3/2008 9:32:40 AM (4107 views)
Re: Reverse Mortgage Problem? - Robert Franco/OH
3/3/2008 11:45:11 AM (4167 views)

This is another loan product that is seriously abused.  What makes this one worse is that it is designed for the elderly who are easily taken advantage of.  Reverse mortgages are not well understood by most people and this makes it easy for slick salesmen to take advantage of unwary borrowers.

I do think that reverse mortgages can be good for some borrowers, but they definitely need to consult with a "trusted" financial advisor before they decide to take out one of these loans.  They should not rely on someone who is selling them a reverse mortgage for this advice.

Best,
Robert A. Franco
SOURCE OF TITLE

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Re: Reverse Mortgage Problem? - Jarrod Clabaugh/OH
3/4/2008 10:53:06 AM (4109 views)

[+] abstracts a gogo - Marian Littleton/VA (3 replies)
3/2/2008 8:52:56 PM (3517 views)

[+] In summary APS/NY..... - SMB/IL (2 replies)
2/28/2008 9:34:41 PM (3234 views)

[+] NORTHWEST TITLE ESCROW CORP - john parishy/NJ (14 replies)
2/28/2008 4:45:48 PM (3563 views)

[+] ASA Real Estate Services - . APS/NY (3 replies)
2/28/2008 2:39:53 PM (3193 views)


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