Got a reverse mortgage thru one company and they sold it to Reverse Mortgage Solutions who in turn immediately went to tax office and changed mailing address to their office. I did not receive any tax bills and RMS paid taxes for a year or two. I finally caught wind of this and made an agreement to pay these back on a repayment plan. I was making payments and RMS sent EVERY payment back to me for one reason or another, i.e., they received funds too early (they could not hold over 6 days, I did not sign Money Order, Insufficient Funds wherein my bank said these checks never hit the bank. To make a long story short, I am now homeless and RMS has sold my house to their bank for much less than what I owe. They would not sell me the house for $99K as I owe $107K.... but,RMS was able to sell it to their bank for that. I still have not received any information regarding this sale. I honestly believe this was their agenda to begin with. So much for 2 old ladies who have lived in this house for 20 years. To make matters worse, my Father paid this house off before he died and we lost $103K..... People beware and do not get a reverse mortgage.... it is a scam!
Reverse Mortgage Solutions Reviews
Got a reverse mortgage thru one company and they sold it to Reverse Mortgage Solutions who in turn immediately went to tax office and changed mailing address to their office. I did not receive any tax bills and RMS paid taxes for a year or two. I finally caught wind of this and made an agreement to pay these back on a repayment plan. I was making payments and RMS sent EVERY payment back to me for one reason or another, i.e., they received funds too early (they could not hold over 6 days, I did not sign Money Order, Insufficient Funds wherein my bank said these checks never hit the bank. To make a long story short, I am now homeless and RMS has sold my house to their bank for much less than what I owe. They would not sell me the house for $99K as I owe $107K.... but,RMS was able to sell it to their bank for that. I still have not received any information regarding this sale. I honestly believe this was their agenda to begin with. So much for 2 old ladies who have lived in this house for 20 years. To make matters worse, my Father paid this house off before he died and we lost $103K..... People beware and do not get a reverse mortgage.... it is a scam!