Oregon Reverse Mortgage Info

Oregon Senior Citizens are often a target of unscrupulous people trying to take advantage of them and the Oregon Reverse Mortgage program offers another way to do that. If you check out this previous post, you will see some of the ways Senior Citizens are attacked to take their equity away from them with a Reverse Mortgage.

However, there is help on their side. FHA has establish a HECM (Home Equity Conversion Mortgage – official name of reverse mortgage) Fraud Unit and they are always looking for ways to combat fraud that is targeting our Senior Citizens. In a recent issue of “The REVERSE Review“.” Michael Banner interviewed Inspector General Kenneth Donohue of the HECM Fraud Unit.

From his questions and the answers from Donohue, it appears that Senior Citizens are participating in some of the Fraud schemes, either knowingly or unknowingly. His article also pointed out that this is a serious problem and will meet with serious efforts on the different government agencies working together. Take a look at the article for more information.

If you have questions about an Oregon Reverse Mortgage and would like to discuss your questions or concerns, please contact Fred or Laurie at 541-342-7576 or make an appointment to come to our office, Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. We are here to help you and would be happy to ease your mind if you think you are being taken advantage of in the process.