http://www.fhaloanpros.com/2009/07/major-lender-stops-reverse-mortgage-marketing/ The Unofficial Guide to FHA Loans & Mortgages Fri, 19 Mar 2010 21:27:01 +0000 http://wordpress.org/?v=2.6 http://www.fhaloanpros.com/2009/07/major-lender-stops-reverse-mortgage-marketing/#comment-59925 DON GRIFFITH Wed, 15 Jul 2009 21:10:06 +0000 http://www.fhaloanpros.com/?p=1087#comment-59925 Very thought provoking article. However, many areas of the country are not having a 16.4% decline and a large % of people who take out reverse mortgages still want to leave equity to their heirs. I'be been doing HECM's for about l0 years and am only aware of only one that let the lender sell the property and that was because heirs were in another part of country and didn't want to mess with selling the property and retaining the potential equity. Very thought provoking article. However, many areas of the country are not having a 16.4% decline and a large % of people who take out reverse mortgages still want to leave equity to their heirs. I’be been doing HECM’s for about l0 years and am only aware of only one that let the lender sell the property and that was because heirs were in another part of country and didn’t want to mess with selling the property and retaining the potential equity.

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