Comments on: Simple60 From Lender Lead Solutions, First Reverse Mortgage For Borrowers Under 62 http://reversemortgagedaily.com/2007/10/28/simple60-from-lender-lead-solutions-first-reverse-mortgage-for-borrowers-under-62/ Reverse Mortgage News and Information Tue, 22 May 2012 15:19:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Albert Martin http://reversemortgagedaily.com/2007/10/28/simple60-from-lender-lead-solutions-first-reverse-mortgage-for-borrowers-under-62/comment-page-1/#comment-17092 Albert Martin Sat, 17 Jan 2009 14:08:43 +0000 http://reversemortgagedaily.com/2007/10/28/simple60-from-lender-lead-solutions-first-reverse-mortgage-for-borrowers-under-62/#comment-17092 I will be 60 in May of this year. My wife is 55. We cannot refinance our home and are in danger of foreclosure. We were told that we were too young for reverse mortgage two years ago. Thanks to the current economic crisis, we are in a terrible fix. We were NOT like some of these people who bought a home we could not afford. My home only cost 68,000 when we purchased it in the 1990's. The homes value is dissipating, and the lender has raised our mortgage. We were coerced into getting an adjustable rate some time ago. Unfortunately, I co-signed a student loan for my daughter, at the pleading request of her mother who is now deceased. My daughter has now defaulted on the loan, and now my credit is in ruin because she refuses to pay it. I had an excellent credit score before the default. Also, my income has not increased over the past ten years or so. I have since remarried, and my wife is out of work now. I have always paid all of my bills on time, including my mortgage. My mortgage is now in default, not because I cannot pay, but because the LENDER would not negotiate with me for a loan modification, because they said I needed to be at least three months in arrears. I am hanging on to the payments, until I can find a solution. This tuesday I will be calling them to negotiate a way to save my home. If my wife and I lose our home, we will have no place to live, because we probably will not be able to rent with our current credit crisis. How can we qualify for a reverse mortgage? Please help. Contact us at 770.994.4078 anytime of day. Albert and Sharon Martin Riverdale GA I will be 60 in May of this year. My wife is 55. We cannot refinance our home and are in danger of foreclosure. We were told that we were too young for reverse mortgage two years ago.
Thanks to the current economic crisis, we are in a terrible fix.

We were NOT like some of these people who bought a home we could not afford. My home only cost 68,000 when we purchased it in the 1990′s. The homes value is dissipating, and the lender has raised our mortgage. We were coerced into getting an adjustable rate some time ago. Unfortunately, I co-signed a student loan for my daughter, at the pleading request of her mother who is now deceased. My daughter has now defaulted on the loan, and now my credit is in ruin because she refuses to pay it.

I had an excellent credit score before the default. Also, my income has not increased over the past ten years or so. I have since remarried, and my wife is out of work now.

I have always paid all of my bills on time, including my mortgage. My mortgage is now in default, not because I cannot pay, but because the LENDER would not negotiate with me for a loan modification, because they said I needed to be at least three months in arrears. I am hanging on to the payments, until I can find a solution.

This tuesday I will be calling them to negotiate a way to save my home. If my wife and I lose our home, we will have no place to live, because we probably will not be able to rent with our current credit crisis. How can we qualify for a reverse mortgage?

Please help. Contact us at 770.994.4078 anytime of day.

Albert and Sharon Martin
Riverdale GA

]]> By: linda quick http://reversemortgagedaily.com/2007/10/28/simple60-from-lender-lead-solutions-first-reverse-mortgage-for-borrowers-under-62/comment-page-1/#comment-12034 linda quick Sun, 16 Nov 2008 18:48:54 +0000 http://reversemortgagedaily.com/2007/10/28/simple60-from-lender-lead-solutions-first-reverse-mortgage-for-borrowers-under-62/#comment-12034 i am interested in a loan, please contact me i am interested in a loan, please contact me

]]> By: Simple60 From Lender Lead Solutions, 1st Reverse Mortgage for Under 62 « James’s Weblog http://reversemortgagedaily.com/2007/10/28/simple60-from-lender-lead-solutions-first-reverse-mortgage-for-borrowers-under-62/comment-page-1/#comment-2387 Simple60 From Lender Lead Solutions, 1st Reverse Mortgage for Under 62 « James’s Weblog Sat, 17 Nov 2007 20:36:18 +0000 http://reversemortgagedaily.com/2007/10/28/simple60-from-lender-lead-solutions-first-reverse-mortgage-for-borrowers-under-62/#comment-2387 [...] read more | digg story [...] [...] read more | digg story [...]

]]> By: Reverse Mortgages Get More Love From The WSJ at Reverse Mortgage Daily http://reversemortgagedaily.com/2007/10/28/simple60-from-lender-lead-solutions-first-reverse-mortgage-for-borrowers-under-62/comment-page-1/#comment-2371 Reverse Mortgages Get More Love From The WSJ at Reverse Mortgage Daily Tue, 13 Nov 2007 19:24:47 +0000 http://reversemortgagedaily.com/2007/10/28/simple60-from-lender-lead-solutions-first-reverse-mortgage-for-borrowers-under-62/#comment-2371 [...] product offerings that have become available.  The article references Lender Lead Solutions new Simple60 as well as the new LIBOR products that have recently been rolled [...] [...] product offerings that have become available.  The article references Lender Lead Solutions new Simple60 as well as the new LIBOR products that have recently been rolled [...]

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