Those in sales and marketing of active adult and senior housing need to understand reverse mortgages as an option for seniors. The recent Palm Beach Post article (Sunday, June 20, 2010) was helpful in providing drawbacks and benefits of reverse mortages and explained it in consumer friendly approach. While there are specialists selling reverse mortgages, the author and her sources noted that reverse mortgages are complicated and a borrower must attend a consumer counseling session with an independent nonprofit group before signing up for a reverse mortgage.
You can view the entire article by clicking here.
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