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Posts tagged "elderly"

Select Florida foreclosures -- Here's something disturbing.

FORECLOSURE OF REVERSE MORTGAGES. Some lenders impose rules that are not fully explained to elderly borrowers. This problem is compounded as people age in place and become less likely to carefully read all the mail they receive.  Sometime that mail requires prompt response or dire consequences can flow.  Some borrowers have found a few lenders' attitude is: You live in your house until, well, we contend that you don't live in your house.

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