Insight into Reverse Mtg. deals, please

[xmtpedprl]

Why are you even asking? You neither care, nor accept anything I say, anyway, all you do is derail, as I'm sure will now be the case.

Dave...

 

[Elliott]

I see Reverse Mortgages as a last resort for a older HO who needs
the steady income. It has an insurance element to it and the
amount of equity they are 'taking' from the HO is significant.

So much better to have a son/daughter pull the mortgage, since
they are going to most likely be the heir anyway. RMs just put
a bunch of money in lender and title company pockets.

 

[robert higgins]

I used to LOVE 'It Takes a Thief,' so tell me, who else is doing them besides Wagner...?

And you're right, if it comes from an MB it'll be the same old same old. But man, it just KILLS me to see these guys specifically targeting the seasoned citizens of this country!!!

:new_cussing:

And what I told this idjit in response to his request I dare not repeat here.

Dave...

If it really is killing you, call up your local FBI office and State’s AG, tell them your story and your willingness to help putting them behind bars. If you’re not willing to do that, then I guess it does not really killing you dealing with these types of people.

As the old saying goes, stand-up or shut-up.

 

[Pamela Crowley (Florida)]

I'm astounded with how fast the dregs of the MB world have jumped into both FHA and Reverse Mortgages.
The number of suspicious activity reports at the www.MortgageFraudWatchList.org regarding these two types of mortgages has really grown these past few months.

I could line up and shoot those preying on the elderly like this!

 

[xmtpedprl]

What's the matter with you, Robert? What shall I tell them, repeat a nasty conversation I had with this idiot that he can deny? I have an order that was completely innocent, but an idiot who changed the rules once we received it.

I cannot do anything about that accept share it ehre with you all and get it out of my system.

Dave....

 

[Elliott]

If a MB gets too agressive, I just tell them I'm not doing the appraisal,
they can rant all they want.

 

[Lee Lansford]

Your thoughts, please.

Dave...

Dave, you're dealing with a mortgage broker, right?

If "yes", what can you expect?

Lee

 

[PropertyEconomics]

Why are you even asking? You neither care, nor accept anything I say, anyway, all you do is derail, as I'm sure will now be the case.

Dave...

It was a simple question Dave, using your words. Typically you dont answer questions, as you have again not done here and yet its my fault.

So I got the shuck and jive.

 

[Kevin Mc]

It your order is FHA why not accept it and get the case # then turn them into HUD? That's what I would do.

My bold....

If it is FHA, I do the same, often.

 

[xmtpedprl]

Lee,

As naive as it may sound, I can *expect* honesty. I can also expect to be disappointed.

Dave...