USA Today: Heirs left with heartache



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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 column in USA Today last week, some reverse mortgage heirs are finding themselves thwarted in their attempts to purchase their parents home facing conflicting notices, bureaucratic red tape, and foreclosure- even when the family has the means to pay off the loan. Each delay driving up the ultimate loan balance payoff.

Servicing issues are not a new phenomenon. On this show, we have reported on some of the challenges of loans serviced by HUD’s chosen contractors…

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All that USA Today got wrong about reverse mortgages

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A rebuttal to USA Today’s recent expose/editorial on reverse mortgages

If there’s one thing many media outlets practice it is selective reporting of facts, willful omission, dividing Americans by race or economic class, and fear-mongering to garner clicks to increase ad revenues. Such are the criticisms that come to mind when reading USA Today’s most recent expose on reverse mortgages. Sadly such journalistic practices are not uncommon…

HECMS: A Risky Proposition?

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Ken Fisher (‘the I hate annuities” guy) says reverse mortgages are a risky proposition. What about seniors with little retirement savings?

“I hate annuities. We don’t sell annuities. I would die and go to hell before I would sell an annuity”. Those words may sound familiar If you’ve seen Ken Fisher’s television ads or heard his radio spots for Fisher Investments. Recently he penned a national column for USA Today- “Considering reverse mortgages? Better to reverse course on this risky choice”. Is Mr. Fisher an expert on reverse mortgages?