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Proposed guidelines for reverse mortgages spell out potential pitfalls for homeowners

Posted on December 27th, 2009 by Carlo Capomazza

: Image by Getty Images via Daylife

Too often, regulators say, seniors are poorly counseled in advance and don't comprehend what they are getting into. If you, your relatives or friends are contemplating applying for a reverse mortgage in 2010, check out the new guidelines proposed this month by the federal regulatory agencies for financial institutions. Read more...

Reverse mortgage shopping secrets (inman.com)
Reverse Mortgages (realtor.org)

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Filed under: Current Events, L.A. Times, LA Area, Real Estate Market, VRN

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