An Appraisers Perspective on FHA Reverse Mortgage Appraisals

By R W Taylor As an approved FHA appraiser I have had occasion to provide many appraisals for people requesting an FHA Reverse Mortgage. While the basic appraisal process does not differ, it is a good idea for people requesting an FHA Reverse Mortgage, also known as a HECM (Home Equity Conversion Mortgage) to know [...]

Posted Under: Reverse Mortgage
This post was written by John Andrew on February 12, 2009 Comments (0)

Purchase a Home With a Reverse Mortgage

Joseph Cina and Phil Goss The Housing and Economic Recovery Act of 2008 (HERA) provides home buyers, age 62 and above, with the opportunity to purchase a new principal residence with the proceeds from the FHA-insured Home Equity Conversion Mortgage (HECM). The program was designed to allow seniors to purchase a new principal residence and [...]

Posted Under: Reverse Mortgage
This post was written by John Andrew on January 26, 2009 Comments (0)
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