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Real Estate & Property Law

: The Home Equity Theft Reporter

New FHA Program Allowing Use Of Reverse Mortgages To Purchase Home Prohibited In Texas; OK Everywhere Else

By r morris

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The San Antonio Express News reports:Imagine being able to buy a new home with a 40 percent down payment and not ever having to make a mortgage payment for the rest of your life. The Federal Housing Administration early this year approved such a deal as a form of reverse mortgage for home buyers who are 62 or older. But in Texas, the only thing anyone can do is imagine. The

Full post as published by The Home Equity Theft Reporter on May 28, 2009 (boomark / email).

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