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Reverse Mortgage Scam, Scare

By On August 10, 2011

Reverse Mortgage marketing on the web contains it’s fair share of misinformation and in its most popular form it is the scam article.  Looking for reverse mortgage information on the internet has become easier in recent years but I’m sorry to see the results of these searches has gone from informative article to web marketing traffic grabber.  For example, the search “Reverse Mortgage Scam” returns 689,000 pages on Google but they are not all about scams and many of them are not factual. It seems there is a growing trend to exaggerate or just plain lie about reverse mortgage scams to garner attention and use that attention to, well, sell reverse mortgages. The scams they tell about range from telemarketers calling on folks to ask them for personal information that can be used to steal their identity to outright accusations of the loan itself being a scam. I am not going to be so naive as to say that some types of reverse mortgage fraud have never occurred but you may be surprised to know they are less likely than what the web is all ablaze about.

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