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  • Tag Archives: reverse mortgage lesa

    Reverse Mortgage LESA Avoided: Reverse ...

    On September 5, 2017, Michael Gaddis, J.D. of Frontier Loan Group, Inc. (“FLG”) successfully avoided a Reverse Mortgage LESA and closed a reverse mortgage in San Marcos, CA.  This reverse mortgage was very difficult because the borrower had significant credit issues to overcome. The borrower was in active foreclosure on both their 1st and 2nd lien […]

    How to Avoid a Reverse Mortgage LESA...

    The implementation of the Financial Assessment in reverse mortgages has forced many reverse mortgage lenders to impose a Reverse Mortgage LESA for seniors that do not meet the requirements or fail one or more of the 3 Financial Assessment tests.  For many seniors, the imposition of a Reverse Mortgage LESA can literally be the difference maker […]

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