HappySeniorHomeOwners Blog

Deluge of  Foreclosures will soon happen.

Everywhere, experts are saying that the Banks have a great backlog of foreclosures pending. They will happen.

To me it is VERY sad to see Senior Home Owners that will be loosing their homes because they can not pay the monthly mortgage payments on their homes.

I do have to say, that many Seniors, could have avoided the foreclosure had they done a Reverse Mortgage when they should have done it.

Many ignored or chose to ignore the nature of the Program. "The bank takes my home", "the Government takes my home", "My children oppose it" , etc… etc…

Many asked the butcher, the plumber, the beautician, instead of asking the Reverse Mortgage professional.  Many asked attorneys, accountants and financial planners who ignored the nature of the Program or were prejudiced.

I have heard those misconceptions repeated over and over again over the years I have been doing Reverse Mortgages.

The truth is that many, with enough equity,  could have paid off their mortgage and lived payment free for the rest of their lives (as long as they live the home). When the home values wre higher it was easier to do and maybe have some money left. Today it is harder but it is still possible.

Today, we could still help many Seniors that are facing foreclosure (single family homes, townhomes and FHA approved condos) by refinancing their current mortgage. We are doing this everyday

If you know a Senior who is in danger of foreclosure ask them to call me at 786-262-6486 or visit my bi-lingual website. All they can loose is their home.

http://HappySeniorHomeOwners.com/InForeclosure

http://HappySeniorHomeOwners.com/EnForeclosure (Espanol)

Your comments will be appreciated. Post here or send them to RodKohly@Access4less.net   For most answers call me at 786-262-6486  or visit http://HappySeniorHomeOwners.com   (English-Español).   To tell a friend visit  http://www.happyseniorhomeowners.com/tellfriend.aspx