1 in 5 Florida Owners With a Reverse Mortgage Are in Trouble – member benefits. florida realtors Member Benefits; Member Services Brochure (PDF). Getting kicked out of their homes in old age runs counter to the government’s age-in-place motivation for the program and the promises made in the TV ads targeted to seniors.. Reverse mortgages don’t get.
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Thousands in Florida lost their homes to reverse mortgage. – Reverse mortgages: 15,000 older Florida homeowners at risk of foreclosure and homelessness. The loans enable seniors to age in place but have failed many who can’t pay insurance or taxes.
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