Reverse Mortgages Syracuse NY

With the recession in full swing and unemployment rising, unscrupulous predatory lenders in Syracuse are taking advantage of seniors. One of the areas in which they are particularly insidious is selling reverse mortgages.

Syracuse Securities Inc
(315) 424-0218
1010 James Street
Syracuse, NY
 
Home Funding Finders Inc
(315) 701-1390
443 North Franklin Street
Syracuse, NY
 
Amstar Mortgage Corporation
(315) 635-2828
115 E Jefferson St
Syracuse, NY
 
Cbsk Financial Group Inc
(315) 452-5626
305 S Main St
Syracuse, NY
 
Homestead Financial Svcs Inc
(315) 445-2000
5795 Widewaters Pkwy
Syracuse, NY
 
Bank Of America Na Charlotte
(315) 426-4268
One Clinton Square 3Rd Floor
Syracuse, NY
 
Commonfund Mortgage Corp
(315) 422-2325
717 Erie Blvd W
Syracuse, NY
 
Funding Source LLC
(315) 434-9292
3200 Burnet Avenue
Syracuse, NY
 
Countrywide Home Loans Inc
(315) 458-4777
3800 Brewerton Road
N Syracuse, NY
 
St Cloud Mortgage
(315) 451-1858
290 Elwood Davis Road Ste0270
Liverpool, NY
 

Reverse Mortgages

With the recession in full swing and unemployment rising, unscrupulous predatory lenders are taking advantage of seniors. One of the areas in which they are particularly insidious is selling reverse mortgages.

There are a host of reverse mortgage scams that are plaguing our senior citizens and steps are being taken to stop it.

According to HUD, deceptive practices and allegations of high-pressure sales tactics are being directed at senior citizens under the guise of a helpful and legitimate reverse mortgage. Borrowers also run the risk of being steered into inappropriate loans and annuities by sales agents and insurance brokers who could be working together without disclosing that relationship to the borrower.

For more information on reverse mortgages for seniors visit HUD.

Our seniors are particularly vulnerable these days to the scams that pervade our society. Given the fact that so many seniors may be in financial trouble, they become victims of relentless individuals and companies that seek to prey on their immediate financial concerns.

If your parents are considering a reverse mortgage, accompany them when they seek advice from a counseling agency so that you can assist them with any and all questions relating to reverse mortgages.

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