FBI and HUD Issue Reverse Mortgage Scam Warning
The FBI and the Department of Housing and Urban Development recently issued a warning for senior homeowners to be cautious of fraud schemes when seeking reverse mortgage products.

If you are seeking a reverse mortgage simply take these few steps to ensure your working with an approved direct lender:

1. Verify the Lenders license through online governement databases
2. Search the internet for references good and bad.
3. make sure everything is in writing AND that you read it all.
4. Seek a second opinion from your trusted financial advisor

If you take these step you'll avoid the majority of these scams.