From In-Portal Developers Guide

Reverse Mortgages and Adult Protective Services

On Sept. 11th, I was the guest speaker on the Ventura county, CA, Adult Protective Services staff meeting. The objective of my attendance would have been to educate the staff about Reverse mortgages. They work exclusively with seniors and the ones adults who're physically or mentally can not look after themselves and must depend on others to enable them to in certain capacity.

Mainly because that Reverse loans have raised as reliable method to obtain money for seniors which can be over 62 years, they reckoned who's will be important to know more concerning the loan program and just how it could benefit seniors that they are in contact with in throughout their day.

I've been within the lending promote for Twenty five years and dedicated to Reverse mortgages the final six of those years. The most important hurdle with marketing them, may be the negative view that most people have on account of incorrect information. Sadly, it hurts the senior community when "trusted" advisors, family and also the public generally speaking protective services group believe that the senior will forfeit their residence or perhaps the heirs do not need any equity leftover for them.

This is incorrect and my biggest struggle that we have as a professional inside my industry. So, I was very complimented to be invited to be a guest speaker with the Adult Protection Services as I viewed it as being an excellent opportunity to set the record straight for the misconceptions that a lot of people hold regarding the loan.