HUD Addresses Risk in Reverse Mortgages

, New York Law Journal

In his Elder Law column, Daniel G. Fish writes that reverse mortgages are advertised as a financing tool that allows seniors to remain at home for their lifetime. But once borrowers died, their surviving spouses were unexpectedly facing foreclosure. A new letter will reduce that risk in the future.

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Originally appeared in print as HUD Issues Letter Reducing Foreclosure Risk in Reverse Mortgages