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Reverse Mortgage

What to Expect When Your Reverse Mortgage is Assigned to HUD in California

Understanding Reverse Mortgage Assignments to HUD If you’ve received a notice stating that your reverse mortgage is being assigned to the U.S. Department of Housing and Urban Development (HUD), you might be wondering what this means and how it affects you. Many homeowners in California find this process confusing, especially when dealing with servicers that […]

Categories
Reverse Mortgage

Insurance on a Home With a Reverse Mortgage in California: Who Pays?

Many Californians aged 62 or older choose a reverse mortgage as a way to supplement their retirement income. A reverse mortgage allows homeowners to convert their home equity into cash, with the lender making payments to the borrower. The loan is typically repaid when the borrower moves out of the home or passes away, usually […]