Kane & Richter Foreclosure Lawyers, LLC
Reverse Mortgage Foreclosure defense Issues
Reverse mortgages are made to homeowners aged 62 or older. They allow the homeowners to access the equity in their home to pay their bills while allowing them to continue to live in their homes. In situations involving reverse mortgages the homeowner no longer makes monthly payments. The amount owed to the financial institution gets charged against the homeowner’s home equity and these loans are usually insured by the Federal Housing Administration. The reverse mortgage is not due and payable until the homeowner’s death.
Year Established: 2000
Address: 93-17 86th Rd, Jamaica, NY 11421
Phone: (917) 775-9437