Federal Courts Have Provided Non-Borrower Spouses With Protections From Reverse Mortgage Foreclosure Non-Borrower Spouses whose names were not on Reverse Mortgages were pretty screwed when the spouse died. However, in 2013, the federal court in the District of Columbia handed down a landmark ruling. The ruling recognized the need to protect surviving spouses in this situation. Bennett […]
HECM Reverse Mortgage Rules Allow Non-Borrower Spouses Of Reverse Mortgage Borrowers To Remain In The Home FHA announced changes to its HECM Reverse Mortgage rules two years ago. Yet, many people are unaware that these changes in the HECM program allow non-borrowing spouses to stay in their homes after the last surviving borrower dies. FHA released new […]
Bronx Foreclosure Defense Team Hits Home Runs Out Of The Ball Park MFI-Miami has created the most aggressive Bronx foreclosure defense team New York has ever seen! We are the only foreclosure and mortgage experts with the strength to successfully challenge any Wall Street lender in a Bronx or New York courtroom. Our competitors show off […]
A Reverse Mortgage Can Subject You To Foreclosure If You Don’t Follow The Rules A reverse mortgage is available to senior citizens aged 62 or over. These specialized loans essentially use the equity in a home as the basis for cash payments to the senior. Seniors can utilize these payments to supplement Social Security and […]
Former Financial Terrorist David Trott Announces Retirement From Congress Former Financial Terrorist David Trott aka El Gringo Bandito is leaving Congress at the end of his term. Trott announced his retirement Monday morning. House Republicans were already bracing for a brutal 2018 election and Trott’s retirement doesn’t help. Democrats are giddy as they see another competitive […]
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