For one reverse mortgage borrower, the federally insured loans enabled her not to be a burden to her children — though she admits that she is borrowing from her children’s inheritance. One expert warns, however, that the program should be used only a last resort. Two borrowers have turned to the courts to settle disputes with reverse mortgage lender Financial Freedom Senior Funding Corp.
This wire news service story is no longer available.
However a copy might still be available at www.vcstar.com