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However, there are airlooms I would like to keep in the family and would feel shafted if they got sold off to repay a reverse loan. I guess that's easily fixed by handing them down before his demise.
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However, there are airlooms I would like to keep in the family and would feel shafted if they got sold off to repay a reverse loan. I guess that's easily fixed by handing them down before his demise.
Reverse Mortgages for Dummies is the book I've most often recommended to my Reverse Mortgage clients. It explains the most common program available today, the Home Equity Conversion Mortgage, or HECM (pronounced "heck um"). That's the program sponsored by HUD and insured by FHA. The insurance program protects the homeowners and heirs, in case the loan goes negative, and also protects them if the Lender goes under.
Contact former Senator Fred Thompson, he may be able to help the O/P with leads.
Raymond Bartreau introduced me to the forum too. He's the most honest and reliable lead provider I know ... when he speaks - I listen.
How's been going for you, Wayne? Do you have your platform figured out yet?