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Revers Mortgage SCAMS!

  Broadcast in Education

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The FBI and the U.S. Department of Housing and Urban Development Office of Inspector General (HUD-OIG) urge consumers, especially senior citizens, to be vigilant when seeking reverse mortgage products. Reverse mortgages, also known as home equity conversion mortgages (HECM), have increased more than 1,300 percent between 1999 and 2008, creating significant opportunities for fraud perpetrators.

Read more: http://www.abcactionnews.com/dpp/money/consumer/scams-that-commonly-target-seniors-reverse-mortgage-scams#ixzz2eXU2HPmP
Tags:
Reverse Mortgage
SCAMS
FBI
HUD
Fraud
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