Reverse Mortgage Legal Concerns

Summary

Elderly individuals can be vulnerable to financial exploitation, especially with complex financial products like reverse mortgages. Its important to understand the specific laws in your state regarding reverse mortgages. If your neighbor did not sign any documents and is receiving emails about unused funds, it may indicate potential fraud or miscommunication. Consulting with an elder law attorney can provide guidance on how to proceed and protect her rights. Additionally, reporting the issue to local consumer protection agencies can help address the situation.

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Frances********Mount
Hello****Frances****Mount,****nice****to****meet****you.****How****can****I****assist****you****with****your****legal****issue****today?
Well****first****I****would****like****to****help****a****neighbor****first.****Her****name****is****Terry********she****is****around*****,*.****Her****husband****passed****around*************years****ago.****Somehow****she****was****bamboozled****into****a****reverse****morgage.****Her****husband****always****handled****that****stuff****so****she****was****lost!!************She****said****she****didnt****sign****anything****an****they****keep****sending****emails****about****why****she****isnt****using****the****$********she****is****so****overwhelmed.****She****really****needs****help.****Do****you****all****have****a****phone****number****I****can****give****her?********I****think****its****horrible****how****our****elderly****are****taken****advantage****of!!!****This****has****to****Stop!!********Let****me****no.****FRAN***************
Hello****Frances,****
It's****unfortunate****to****hear****about****Terry's****situation.****In****order****to****provide****accurate****information,****could****you****please****share****your****location****or****the****location****of****your****neighbor,****Terry?****Laws****regarding****reverse****mortgages****can****vary****by****state.