Reverse Mortgage Solutions Mortgage Complaint

Reverse mortgage Loan modification,collection,foreclosure

Reverse Mortgage Solutions Mortgage department,

Reverse mortgage Loan modification,collection,foreclosure New Jersey

Hello, I am sending this email in the hopes of finding some assistance for my mother - yr. old mother, - - - My mother currently has had a reverse mortgage for the last 4-5 yrs. The mortgage company wants foreclose on the property because there was a lien placed on the property in the amount of $27000.00. The mortgage company paid the money without contacting her to find out if it was owed or before getting any information so now they started foreclosure proceedings. Obviously, my mother nor anyone in our family can afford to re-pay the $27000.00. I do n't know if this is legal. I have been researching to come up with an alternative to foreclosure. I thought possibly refinancing the reverse mortgage or negotiating a re-payment plan with the mortgage company but are in desperate need of any/all assistance we can get in attempting to delay or stop the foreclosure proceedings. Please Help if you can. Thank you.

Reverse Mortgage Solutions customer in New Jersey
May 19, 2016

* Source: CFPB Complaint Database

Reverse Mortgage Solutions response to complaint:
Closed with explanation

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