Are reverse home mortgages a scam?

In a foreclosure rescue scam, the perpetrator will identify seniors who are at risk of losing their homes due to foreclosure. The perpetrator will convince the senior citizen to obtain a reverse mortgage to save the property but will then inform the senior that he or she does not qualify. read more

Reverse mortgage scams are engineered by unscrupulous professionals in a multitude of real estate, financial services, and related companies to steal the equity from the property of unsuspecting senior citizens or to use these seniors to unwittingly aid the fraudsters in stealing equity from a flipped property. read more