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n2mark Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-10-05 06:26 PM
Original message
This is a problem
Once a week I retrive my mail from our lock mailboxes,, Now this is sad, received 3 mails for seniors to take advantage of the reverse mortgage. Sure, right away Info sent from California, okay, shred those, then another from Arizona Maricopa County Seniors only.

Interesting, they said recent changes in HECM guidlines, whatever that is, now effective in the state of Arizona, may allow select homeowners to eliminate their mortgage payments altogether with these new guildlines. Your home .. located at..... may be eligible. The FHA HECM mortgage has a low interest rate that can be used to pay for healthcare, prescription drugs, repairs on your home, consolidate your mortgage and credit cards. There are no income or credit limitations and current bankruptcy is still eligible.


Call today to set and appointment to talk with an AARP or HUD Counselor.

On the back of these page is reverse mortgage. Oh no way, how many seniors are going to be suckered with this?

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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-10-05 06:31 PM
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1.  If you should depart, do they
get your property? Is this in small print? I've heard of this 'opportunity' for sick and elderly people. Sounds like a serious waste of paper!
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