Reverse-Mortgage Fails Not a Factor in Florida’s Stubbornly High Foreclosure Rate

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Foreclosures are down nationwide since last spring but not in Florida, where foreclosure filings increased by 23 percent this May compared to May 2018, according to ATTOM Data Solutions’ May 2019.

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Reverse-Mortgage Fails Not a Factor in Florida’s Stubbornly High Foreclosure Rate – Foreclosures are down nationwide since last spring but not in Florida, where foreclosure filings increased by 23 percent this.

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The insurance guarantees lenders that they will be repaid in full when the home is sold. Other types of reverse mortgages exist too-they’re called proprietary reverse mortgages-which are private loans backed by the companies that develop them. Proprietary reverse mortgages are usually available only for very high-value homes.

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Finance of America Reverse LLC (FAR), one of the largest reverse mortgage lenders in the US and a leading provider of retirement loan products, today announced the launch of its proprietary. Buying a house usually means going through the process of finding a mortgage.

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Reverse-mortgage fails not a factor in Florida’s stubbornly high foreclosure rate – Despite the high foreclosure rates, Florida’s overall real estate market continues to stabilize from the. about an.

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