Comments on: Condos HECM Qualified?

By: Robert H Irving

Robert H Irving — Fri, 13 Jan 2012 15:45:17 +0000

Ms. LaPoff,
Thank you for your comments. I understand your disappointment but disagree with your conclusion that “None of it is true!” It is fact that reverse mortgages on condos have become exceptionally difficult to complete… but some are still getting done. As I often advise, you need to spend time and effort searching for a very experienced reverse mortgage specialist. This means somebody who has at least 5 years direct experience doing HECM loans (only!). There are a lot of people out there “doing reverse mortgages” but there are few who are true experts with direct experience. A dedicated professional will come to your home to interview you for starters. If you are dealing with people over the phone, you are just wasting your time. If you want to provide your address and contact info, I am happy to provide a reference in your area.

By: June LaPoff

June LaPoff — Fri, 13 Jan 2012 00:59:55 +0000

I am so disappointed that I can’t get a reverse mortgage. I live in a condo and this association is not registered. They would never spend the money. I know two people who have had reverse mortgages for years and are very happy with it; one has a townhouse and one has a house. No wonder this country is in such bad shape. Why do you bother advertising? None of it is true!

By: BigBear

BigBear — Fri, 30 Oct 2009 22:19:04 +0000

Excellent work! Those dudes at your competition (you know who) don’t have a clue! Keep it up!