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

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

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Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home By Mary Shanklin | Apr 16, 2019 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.

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.

Reverse Mortgage Foreclosure Heirs Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home – But after voss’ husband passed away, six years ago, the banks came calling and the foreclosure notices. If it isn’t, they.

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Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home Please be careful if you or your family members are considering a reverse mortgage. Despite decades of experience in real estate, sharon voss expects to lose her home at an.

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.

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Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home Despite decades of experience in real estate, Sharon Voss expects to lose her home at an auction this month. The reason: a reverse mortgage.

Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home – Voss’ husband had taken out a home equity conversion mortgage, as the federally backed loans are called. But the loans must be paid off before the owners named on the deed sell their residence,

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