Archive for May, 2008

HECM Reverse Mortgage Appraisal

Tuesday, May 6th, 2008

Here is Reverse Mortgage Appraisal and Appraiser information:
General
Section 255: Home Equity Conversion Mortgages (Reverse Mortgages, a.k.a. HECM) allows a borrower aged 62 and older to borrow against the equity in a property that has limited outstanding debt. The subject property under this program must be an existing one-to four-unit dwelling in which the mortgagor occupies [...]