The Home Equity Theft Reporter: Buy Back Agreement In Foreclosure Rescue Sale Leaseback Deals To Be Presumed An Equitable Mortgage, Says Proposed Florida Statute

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USA Today: Seniors were sold a risk-free retirement with reverse mortgages. Now they face foreclosure. In a stealth aftershock of the Great Recession, nearly 100,000 loans that allowed senior citizens to tap into their home equity have failed, blindsiding elderly borrowers and their families and dragging down property values in their neighborhoods.

Home Equity Theft Reporter The state Department of Justice filed a brief in the 9th U.S. Circuit Court of Appeals, arguing that the Mortgage Electronic Registration Systems, or MERS , can’t stand in for lenders when it comes to county records in what’s called "a non-judicial foreclosure" — one that does not go through court.

A federally-insured reverse mortgage program by which a senior (aged 62 years and older) may receive a loan for long-term care expenses based on the equity in the senior’s home. home equity line of credit A mortgage loan that allows the borrower to draw money to.

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