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AoA's website now provides easy access to key resources for Aging Network providers working with HECM borrowers. As of 2011, HECM mortgagees who are delinquent in property cost payments will receive a letter from their lender regarding payment of these costs. Many of these older mortgagees can turn to the Aging Network for assistance. Resources available on the web page include background information, summary information, and an FAQ that may be used with consumers.
Sources:Administration on Aging
taxes; insurance; cash management; Delinquency Resources; HECM;
Administration on Aging
Short URL: http://www.advancingstates.org/node/52753