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Lorray Brown and Katie Burns explain what triggers a nonoccupancy default for reverse mortgages, and how to mitigate it.
Handle Reverse Mortgage Issues for Elderly Clients
| CLE: 0.5 | Level: Basic/Intermediate
Residential reverse mortgages are tempting to older clients on fixed incomes, but they carry a unique set of risks. You need to fully advise your client on the costs and benefits of this type of financing so they can make an informed decision.
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