Robert Wagner, Fred Thompson, Henry Winkler…. those TV commercials pitching reverse mortgages… What could go wrong? Actually, a lot:
http://www.cbsnews.com/news/reverse-mortgages-dont-let-the-fonz-sell-you/
http://www.consumersunion.org/pdf/reverse-mortgage-report-2010.pdf
Recently we’ve agreed to help Mrs. Gravlin who was placed into foreclosure as a result of a reverse mortgage. Her story is really fantastic and tragic.
We have filed a counterclaim on her behalf, it is here on our website, the Bank of America v. Virginia Counter-Complaint.
If you or loved ones already have a reverse mortgage, or you are considering one, educate yourself. Remember, knowledge is power.
Stay tuned……