Fannie Mae and Florida team up to offer seniors reverse mortgage help

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Nov. 26, 2013

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At the beginning of this year, more than 15,000 reverse mortgages in Florida were in default. A new program is designed to help about 2,500 of these households avoid foreclosure. The Elderly Mortgage Assistance Program (ELMORE) will use $25 million in ...

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