Not all reverse mortgages are scams, but people exploring them should be extremely wary. Many reverse mortgage scams — carried out by unscrupulous parties from financial advisors to contractors — can ...

Reverse mortgages sound like a great idea, especially when you’ve built up significant equity in your home and you’re looking for an additional income stream. But they can be risky business, ...

Major servicers face class action claiming prohibited fees inflated HECM loan balances, risking older homeowners’ equity and ...

Mark Diamond has been sentenced to 17 years in federal prison for his crimes against elderly homeowners, but the scars from the damage he inflicted across the Chicago metro area are still visible. A ...

Three South Florida loan officers and a Pennsylvania title agent were charged Wednesday in a federal reverse mortgage fraud prosecution. Miami U.S. Attorney ... Explore the entire Law.com network.

If you're in a situation where you have a significant amount of home equity, you may have heard about a reverse mortgage in addition to a few common options to help you access that equity. These ...

According to the FBI, seniors were scammed out of over $3.4 billion in 2023. Scammers count on you to be vulnerable and not to seek a second (and third) opinion. As people begin to catch on, scammers ...

Learning how mortgages work can be confusing. We put together a brief guide focusing on where to find current rates and types of mortgages available.

What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their home equity.