Monday, June 21, 2010

New Scam Targets Elderly Homeowners with Reverse Mortgages


We came across this story about a new scam targeting seniors with reverse mortgages.

Because it's so new, there isn't an official name for it, so we are calling it the "Reconveyance" scam.

Basically, the con is to scare seniors into paying the scammers to ensure they have clean title.

To read the article, click here.

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