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LA Times Spells Out “Hazards” of Private Reverse Mortgage 

Jul 23, 2013By

A recent article in the Los Angeles Times points to “hazardous” features of a private reverse mortgage made in 1997, which is now being contested by the borrower’s heiress. The loan, not made through the Home Equity Conversion Mortgage (HECM) program, included requirements including an annuity purchase and sharing home appreciation with the lender. “Call […]

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