OPED: Don’t fall victim to reverse-mortgage con
A reverse mortgage will cause you to lose your equity. The cash flow you accept, perhaps 20 percent to 50 percent of your home's value, will be all you ever get by the time the bank owns your home.
A reverse mortgage will cause you to lose your equity. The cash flow you accept, perhaps 20 percent to 50 percent of your home's value, will be all you ever get by the time the bank owns your home.
According to Spartanburg County court records, a foreclosure has been filed against Todd Kohlhepp for the Woodruff property where a woman was found chained up in a storage container in 2016. Kohlhepp, a confessed serial killer, was sentenced to seven life sentences for the murders of Charlie Carver, Meagan and Johnny Coxie, and four victims…
Federal Housing Finance Agency Director Melvin L. Watt focused much of his speech to the National Association of Real Estate Brokers on its five-year goal of creating two million new Black homeowners. The numbers don't lie, Watt said. Foreclosure News
The mortgage and real estate industries are hopeful that the Federal Housing Administration is moving more aggressively to revive its condominium loan program. The program's scope was reduced during the Obama administration after the FHA had imposed restrictions on condo loan approvals due to crisis-era losses. Foreclosure News
HOA board members often wonder what happens to the liens if the owner of the property is attempting to do a short sale? Q: Our HOA reserves are extremely low and our collections are growing worse by the day. We are a gated community with many renters. Foreclosure News
A mortgage foreclosure auction of the Jasper Mall was planned for Oct. 11 but was delayed until Thursday. Daily Mountain Eagle file – Ron Harris The Jasper Mall was to be sold in auction at the main entrance of the Walker County Courthouse to the highest bidder on Oct. 11, according to a notice of…
As she was getting on in years and her resources dwindled, Virginia Rayford took out a special kind of mortgage in 2008 that she hoped would help her stay in her three-bedroom Washington rowhouse for the rest of her life. Rayford, 92, took advantage of a federally insured loan called a reverse mortgage that allows…