As it moved to seize home, bank never told widow her loan was insured

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Laura Biggs pictured in her Rialto, Calif., home on Nov. 25, 2013, is scheduled to lose her home nine days before Christmas because her mortgage company concluded that the house is no longer the.

I told my son, 'Never.. Elderly homeowners and their adult children told similar stories in big city. Reverse mortgages are insured by a Federal Housing. in 1961 by a Maine lender trying to help a widow hold on to her home.. At the end – a move out, death or default – the bank calls the loan due, to be.

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You’ll never think of those sodas you see at your local bodega. buying that house.. If your spouse, then, has a credit score that low, you might think about applying for a mortgage loan on your own.. it’s time to. As it moved to seize home, bank never told widow her loan was insured

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 · In a recent news example, a widow thought she was about to lose her home after making the mortgage payments for over ten years on her own. She was unaware that her late husband had taken out a special insurance policy that would pay off the bulk of the mortgage in the event of his death.

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