10. Reverse mortgage scams Many seniors would have built equity in their homes that they want to turn into a reliable and steady income. Reverse mortgages are available to homeowners over the age of 62 as a way to access their home equity. ...
Dont Get Duped! How to Avoid Reverse Mortgage Scams According To the FBIdoi:urn:uuid:781d782f2f37c410VgnVCM100000d7c1a8c0RCRDIn some of the most common reverse mortgage scams , the FBI says that homeowners are made lofty promises.Michael Lazar...
Phishing scams are a type ofsocial engineering attackin which scammers send emails that appear to come from an official organization, such as the government or a bank. The legitimate-looking email serves as the “lure.” But their true goal is to collect your banking or credit card informatio...
The discussion then proceeded to investment schemes and reverse mortgage scams (wherein they offer to have your property assessed and ask payment for it). A variation of the latter includes asking you to pay for their home improvements with a reverse mortgage. He we...
Reverse Mortgages—A reverse mortgage is a loan against a senior’s house that allows them to convert part of their equity into cash. The loan is paid back when the homeowner sells the house, passes away, or moves out permanently. Reverse mortgages are another area where you need to have ...
FBI issues warning as crooks ramp up emergency data request scams Just because it's .gov doesn't mean that email is trustworthy Cyber-crime9 days|12 Dark web crypto laundering kingpin sentenced to 12.5 years in prison Prosecutors hand Russo-Swede a half-billion bill ...
Homer decides to help Moe reopen his bar; and he gets a new mortgage for their home. When Marge finds out, as a new co-owner she goes with Homer to the bar and tells Moe that there are going to be changes until he pays them back. On Homer's next visit, he finds Marge behind ...
a session will describe scams that target elderly individuals and how to protect the elderly from these scams. As part of the objective on refreshing or introducing the audience to areas that can expand their practice, other sessions will review the income tax consequences of debt cancellation, fo...
Because, in order to finance her now-deceased husband’s end-of-life care, she took out a reverse mortgage on her home. The issuer has found an irregularity and either wants its money back (plus monumental fees and interest) or it will sell the house out from underneath Alice’s friend...
Already the ‘Bank of Mum and Dad’ has become the ninth biggest mortgage lender. The ultimate result is not just a growing intergenerational divide, but an entrenched class divide between those who own property (or have a claim to it), and those who do not. Read more … The dream is...