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 […]
A reverse mortgage loan, specifically a Home Equity Conversion Mortgage (HECM), allows California homeowners to access their home equity while remaining in their homes. However, as a borrower, you must meet certain requirements to avoid foreclosure and maintain your loan in good standing. Your Three Main Responsibilities: Pay Property Charges on Time – Ensure that […]
