08 Oct 2013
October 8, 2013

Federal Court Rules Surviving Spouses of Reverse Mortgage Holders Cannot Lose Homes

Housing for the Elderly and Disabled, New Cases, New Laws, Reverse Mortgages 0 Comment

A federal district court ruled that banks cannot foreclose on surviving spouses of reverse mortgage holders when the spouses are unable to pay off the mortgages. Bennett v. Donovan, Civil Action No. 11-0498 (District of Columbia, September 30, 2013) The case involved the surviving spouses of three individuals, each of whom who took out a.. read more →

30 May 2011
May 30, 2011

Credibility Determinations By A Trial Court In Cases Involving Claims of Abuse Of A Power Of Attorney Are Binding On Appeal

Abuse of Power of Attorney, Elder Abuse, Elder Law, Estate Litigation, Improvident Gifts, New Cases, Powers of Attorney, Reverse Mortgages 0 Comment

Matter of Mildred B. Trocolor involved a dispute between two of the decedent’s adult children who were co-executors of the decedent’s estate. The decedent’s daughter, Daryl, brought the lawsuit, alleging that, while the decedent, Mildred B. Trocolor, was alive, the defendants, her brother Robert and his wife, Genevieve, stole substantial sums of money from the.. read more →

08 Jul 2009
July 8, 2009

Consumer Protection Laws For Reverse Mortgage Borrowers Are Inadequate, GAO Warns

Reverse Mortgages 0 Comment

The Department of Housing and Urban Development (HUD) has left elderly borrowers vulnerable to abusive lending practices, according to a new study by the Government Accountability Office (GAO). The study raises concerns about the adequacy of consumer protections for reverse mortgage borrowers, who are sometimes subjected to misleading marketing and inappropriate cross-selling of other financial.. read more →

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