foreclosure

USA Today: Heirs left with heartache

Shannon HicksDecember 23, 2019February 19, 2020

by Shannon HicksDecember 23, 2019February 19, 20203 839

Heirs attempting to payoff reverse mortgages face hurdles or accelerated foreclosures Losing a parent is truly a heart-wrenching experience. One that many of you our viewers, and myself have endured. Compounding the grief is the frustration in settling the financial affairs of your loved one. According to a recent

Mitigating Bad Press & Borrower Misfortune

Shannon HicksJuly 29, 2019August 2, 2019

by Shannon HicksJuly 29, 2019August 2, 20190716

Countless problems can been avoided If there’s one fault most salespeople share it is this- a lack of follow up with the borrower after the sale. While many may contact the homeowner after the loan funds, or call to explain the first monthly loan statement- few stay in regular contact

No Mortgage is Risk-Free

Shannon HicksJuly 22, 2019July 23, 2019

by Shannon HicksJuly 22, 2019July 23, 20191862

The media often overlooks the risks inherent in any mortgage: froward or reverse | download transcript | We see many national media headlines on how risky a reverse mortgage can be for older homeowners. Risky? This week we briefly touch on the most common risks that can be found

Lifesaver: When HECMs prevent a foreclosure

Shannon HicksJuly 16, 2019July 18, 2019

by Shannon HicksJuly 16, 2019July 18, 20195 772

Preventing Foreclosure The following was originally published in November 2011. Despite much of the recent negative news coverage reverse mortgages have helped countless older homeowners avoid inevitable foreclosure and eviction. Personal success stories are a powerful vehicle to imprint the value of a product or service in potential clients’ minds.

Foreclosure Confusion & Media Fallout

Shannon HicksJuly 15, 2019July 10, 2019

by Shannon HicksJuly 15, 2019July 10, 20191677

HECM loan terminations and ‘foreclosures’ source of recent negative press coverage Let’s face it. Foreclosure is an ugly and scary word. Unfortunately, it’s the same word that is commonly used when a Home Equity Conversion Mortgage is terminated- often when the loan balance exceeds the home’s value. Additional resources:

Can a Foreclosure Occur with a Reverse Mortgage?

Dan HultquistJune 18, 2019June 18, 2019

by Dan HultquistJune 18, 2019June 18, 20194 1663

As a mortgage professional, I worked nights and weekends as a housing counselor during the financial crisis. Foreclosures are scary and heartbreaking, and I will admit to crying with clients when their only option was to pick up boxes behind the grocery store and find any friend with a truck.

Foreclosure claims stir Congressional scrutiny

Shannon HicksMarch 23, 2018March 23, 2018

by Shannon HicksMarch 23, 2018March 23, 20185 649

The number of allgeged ‘foreclosures’ have raised the eyebrows of lawmakers tasked with overseeing HUD's budget and the HECM program...

HECMs, housing shortages, and foreclosure loopholes.

Shannon HicksMarch 2, 2018March 5, 2018

by Shannon HicksMarch 2, 2018March 5, 20182 588

Are reverse mortgages contributing to regional housing inventory shortages? How the Michigan Tax Tribunal views HECM proceeds and property tax obligations. Philadelphia Councilwoman seeks to close foreclosure loophole. Harlan Accola publishes his latest book.

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foreclosure

USA Today: Heirs left with heartache

Mitigating Bad Press & Borrower Misfortune

No Mortgage is Risk-Free

Lifesaver: When HECMs prevent a foreclosure

Foreclosure Confusion & Media Fallout

Can a Foreclosure Occur with a Reverse Mortgage?

Foreclosure claims stir Congressional scrutiny

HECMs, housing shortages, and foreclosure loopholes.

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