Welcome to Reverse Mortgage Scams!

With the popularity and growth of reverse mortgages, many types of scams and fraud has entered the industry. Reverse Mortgage Scams is here to help you prepare and avoide potential pitfalls.

Reverse Mortgages are a special type of home loan that lets a homeowner convert the equity in his/her home into cash. This type of mortgage is a loan against the home that does not have to be paid back as long as the owner is alive and living in the home, and provides income in the meantime. They can give older Americans greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more. There are no income qualifications, no payments on the loan, and you always retain title to your home.
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Types of Reverse Mortgage Scams

Being Charged for Reverse Mortgage Information - Do not pay for any type of Reverse Mortgage Information, brochures, or calculations of what you can qualify for. Read more...

Shady Reverse Mortgage Counseling - Beware of Reverse Mortgage Counselors with a hidden agenda. Read more...

Reverse Mortgage Foreclosure Flipping - A more elaborate scam where seniors are purchasing foreclosures or distressed properties with a Reverse Mortgage. Read more...

Reverse Mortgage Repair Scams - Repairs may be required to complete a reverse mortgage, however be wary of who you choose to do the work. Read more...

Reverse Mortgage Scams


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