A recent reverse mortgage fraud case shows, seniors
need to be very careful and
make sure they understand the risks.
For homeowners upside-down on their mortgage — owing more on the loan
than the house is worth — foreclosure isn't necessarily the only option.
Kamal Sharma almost lost his house in an auction. The funny thing is: he doesn't even owe any money on it.
Ever-evolving technology has made telecommuting from home more viable.
Home foreclosures continue to rack the U.S. economy
and housing market.
Reverse mortgages allow people 62 and older to borrow against their home
equity, but it's unwise to do so without expert advice.
Charles Mills purchased his house in 2006 for $308,500. Current value: $105,797. He can barely afford to stay. But he also can't afford to move.
For homeowners, the decision to walk, tied to a housing crisis that's gripping
the market, is far-reaching.