Reverse mortgage loophole scaring away lenders

Some surviving spouses choose to stay put without paying off loan

By Inman News Feed
Add Comment Add Comment | Comments: 3 | Posted Sep. 28, 2011

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Comments 1 - 3 of 3
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1. A.H. said... on Jul 24, 2012 at 10:07AM

“I see the opposite. I can not find a website, that gives anyinformation about the reverse mortgage lenders in Philadelphia. The AIG is advertising in the Philadelphia TV, but the neither have an office in Philadelphia, neither answer the questions they asked, if you call them. It looks like, that's a scam.
How anybody can find this way a mortgage lender?

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2. Anonymous said... on Sep 19, 2013 at 09:15AM

“A Reverse Mortgage Loan is a mortgage product that allows the homeowner to convert some of the equity in their home into cash without having to sell the house or make any additional monthly payments.

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3. Tim Donofrio said... on Apr 18, 2014 at 10:32AM

“I have over 15 years of reverse mortgage experience in Philadelphia and the surrounding counties. I and can be reached at 215-989-4026.”


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