Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home

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Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home Despite decades of experience in real estate, Sharon Voss expects to lose her home at an auction this month. The reason: a reverse mortgage.

how much does a reverse mortgage pay Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home – Like more than a million other older U.S. homeowners, they traded the ownership of the 2,000-square-foot property and any equity earned for cash to pay off outstanding. baby boomers-beginning to do.

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In an article appearing at Realtor.com titled "Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home," a 79-year old widow tells the story of how her husband entered into a Home Equity Conversion Mortgage (HECM) transaction in 2013 in an attempt to sustain the couples’ finances until their deaths.

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Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home realtor.com Despite having worked for decades in the real estate industry, Sharon Voss , 79, made a mistake that will likely cost her her home of nearly 30 years at an auction this month.

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