Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home

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Despite having worked for decades in the real estate industry, Sharon Voss, 79, made a mistake that will likely cost her her home of nearly 30 years at an auction this month. The culprit: a reverse mortgage that was meant to keep her financially solvent through her golden years.

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Here at the Globeville Recreation Center, a reversal of fortune was unfolding for a grassroots. the Beloved Community Village is preparing for the worst: It could be left without a home after.

Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home A Reverse Mortgage Nightmare! realtor.com Despite decades of experience in real estate, Sharon Voss expects to lose her home at an auction this month.

In an article appearing at Realtor.com titled "Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home," a 79-year old widow tells the story of how her husband entered into a Home equity conversion mortgage (hecm) transaction in 2013 in an attempt to sustain the couples’ finances until their deaths. When the.

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how much does a reverse mortgage pay Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home – Like more than a million other older U.S. homeowners, they traded the ownership of the 2,000-square-foot property and any equity earned for cash to pay off outstanding. baby boomers-beginning to do.

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Emily Castro, 24, tried to slash her daughter. after one of his alleged victims escaped his home and called police. Neighbors in the street were shocked to hear that Castro, who was a school bus.

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It would be wonderful if everyone could count on Bartlett’s good fortune. and her son drives. This reversal still feels “surreal” to him, he says. “One day you’re independent, and the next day.

A reverse mortgage "may sound like a good situation, but make sure your name is on the deed." The post Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home appeared first on Real Estate News & Insights | realtor.com. Source link