Sick of Reverse Yet? What are you thoughts on this?

12/14/2018
Featured Video Play Icon

Sick of Reverse Yet?  What are you thoughts on this?

Comments

comments

Comments

4 thoughts on “Sick of Reverse Yet? What are you thoughts on this?”

  1. JERRY A ALLEGRO says:

    REVERSE MORTGAGES ARE A SCAM TO STEAL HOMES FROM THE ELDERLY. FHA IS CRIMINAL IN ITS BEHAVIOR AND TREATS THE ELDERLY AND ANYONE IN GENERAL LIKE GARBAGE. PMI FOR THE LIFE OF A LOAN? WTF? FOR PEOPLE WHO NEED HELP THE MOST REALLY? YOU HAVE NEVER SIT WITH THE ELDERLY WHEN THEY ARE CRYING WHEN THEY HAVE NO ONE TO TURN TO WHEN THEIR MONEY RUNS OUT AND THESES SCAMMERS ARE TAKING ALL THEY HAVE. AAG – IS CRAP, LRES IS CRAP, TRY TELLING FHA YOU WILL NOT BE A RACIST OR DISCRIMINATE. IF YOU DONT PLAY ALONG W THEM THE REVIEW YOU TO DEATH AND SANCTION YOU FOR NOT BEING IA STONED OUT CRIMINAL LIKE THEIR STAFF IN COLORADO. STAY AS FAR AWAY FROM THIS PROGRAM AS POSSIBLE. I REFUSE FHA WORK AND TOLD THEM TO SHOVE IT. CANT STAND THEM. YOU SHOULD SEE THE AFTERMATH WHEN SOMEONE DIES AND HOW THE S-H-I-T- ON THE HEIRS OF AN ESTATE. TRY COLLECTING APPRAISAL FEES AFTER THE AMC’S RIP YOU OFF ON FHA DEALS – NO HELP FROM FHA, OR THE CRAPPY STATE OF TEXAS. DO NOTHING AGENCIES F- FHA AND REVERSE MORTGAGES

    1. Richard Owens says:

      I have to say that I agree with Jerry Allegro. As a closing agent, I have done a few reverse mortgage closings and have had to payoff a couple as well. What a fiasco! On both ends. Upfront fees are ridiculous and it’s practically impossible to get a payoff from whichever lender winds up with the loan and what’s up with the recording of 2 mortgages, one to the lender and a duplicate to FHA (which, by the way, never gets removed from the records!). And God forbid if the homeowner has died. The heirs are left scratching their heads trying to figure out who to contact to continue payments while they try to sell Grandmon and Grandad’s home. Total ripoff.

  2. Glenn Grant says:

    Jerry, I wish you well and that you find the answers to remedy your past. A rear view mirror is smaller than a windshield for a reason, move forward. HECM, Home Equity Conversion Mortgages are a very good program, as is the other FHA loans, for the right family and financial need. The Facts and clear understanding of a program upfront avoid issues.

  3. SarcasmDetector says:

    Wow, Jerry, you sound a bit unhinged. Banks do not ‘steal the home’ and nobody loses their home because of a Reverse Mortgage. They either fail to pay taxes or maintain it and it’s sold to payoff the mortgage. If there’s equity, that $ goes to the owner or heirs. Get some facts dude. You sound like a crazy person.

Leave a Reply

Your email address will not be published. Required fields are marked *