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

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