Even Reverse Mortgages to Homeowners May End Up on Foreclosure Docket

As foreclosures have surged in Florida and nationwide in recent years, even reverse mortgages that do not require any monthly payment and instead funnel money to the homeowner could soon be added to the litigation list.

That’s because the homeowners, who generally are elderly, still have to pay property tax, insurance and other household upkeep costs, and many who are struggling lack the money for these expenses, explains the Orlando Sentinel.

For full article and video [HERE]| ABA Journal


About sikoralaw

Sikora Law has operations in Michigan and Ohio. With a network of attorney relationships in multiple states, we combine the friendly familiarity of a small firm with the institutional knowledge and capabilities generally only found at a large firm. Sikora Law has the resources to deal with your situation with the right lawyer – or the right team of lawyers – and provide reliable, comprehensive, and responsive legal representation . We combine experience, creativity, and technology to efficiently and effectively protect our clients' interests and meet their goals.
This entry was posted in Real Estate Market and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s