http://karenbartononline.com/reverse-mortgage-to-marcias-rescue/ Just another WordPress weblog Fri, 21 Nov 2008 10:05:19 +0000 http://wordpress.org/?v=2.5.1 http://karenbartononline.com/reverse-mortgage-to-marcias-rescue/#comment-861 Taylor Wed, 02 Jul 2008 22:59:36 +0000 http://karenbartononline.com/?p=43#comment-861 Your post is a great example of how reverse mortgages can truly be a godsend for those that need it. Another way that reverse mortgages have been coming to the rescue of some homeowners recently, is that they have actually saved many seniors from foreclosure. With the current housing crises and the turmoil in the credit markets, some seniors that unknowingly took out a negatively amortizing or adjustable rate mortgage in recent years, have found themselves in unaffordable loans. If they have enough equity, they should never face foreclosure, but rather they should consult with an expert about whether a reverse mortgage could save their home. Your post is a great example of how reverse mortgages can truly be a godsend for those that need it. Another way that reverse mortgages have been coming to the rescue of some homeowners recently, is that they have actually saved many seniors from foreclosure. With the current housing crises and the turmoil in the credit markets, some seniors that unknowingly took out a negatively amortizing or adjustable rate mortgage in recent years, have found themselves in unaffordable loans. If they have enough equity, they should never face foreclosure, but rather they should consult with an expert about whether a reverse mortgage could save their home.

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