The increasing frequency of reverse mortgages has unfortunately meant that mortgage scams are also on the rise. Preying on fears of financial insecurity, scammers convince the senior that a reverse mortgage is the answer to the senior’s financial problems. In reality, seniors are being scammed out of their money or home.
Download Senior Financial Abuse: Reverse Mortgage Scams
Part of a series of 8 fact sheets on topics of senior financial fraud and abuse developed with the National Adult Protective Services Association (NAPSA).