AARP Sues to Protect Widowed Homeowners With Reverse Mortgages

Posted on 03/4/2014 by | Legal Grounds | Comments

Bulletin TodayAt the time AARP took up their cause, Robert Bennett of Annapolis, Md., and Leila Joseph of Brooklyn, N.Y., had several things in common. They were older Americans. They were widowed. They were homeowners. And they both faced foreclosure and eviction on reverse mortgage loans. So when AARP won a big lawsuit on their behalf against the U.S. Department of Housing and Urban Development (HUD) several months ago, it was great news. Now, AARP Foundation Litigation has filed a class-action …

Good News for Couples with Reverse Mortgages

Posted on 10/3/2013 by | Legal Grounds | Comments

Bulletin TodayYou probably know that AARP represents the interests of older Americans. But did you know that it’s actually out there in court, making sure that the rights of people 50+ are not violated? This week, two plaintiffs represented by the AARP Foundation Litigation won their case against the Department of Housing and Urban Development. A federal trial court in Washington, D.C., ruled that HUD violated federal law when it did not protect surviving spouses of holders of reverse mortgages. Let’s …

¿Cómo te afectan los cambios que se avecinan en el HUD?

Posted on 09/17/2013 by | AARP Blog Author | Comments

En EspañolEl Departamento Federal de Vivienda y Desarrollo Urbano (HUD, en inglés) anunció cambios que van a afectar a las personas mayores que buscan conseguir una hipoteca revertida del programa Home Equity Conversion (HECM, en inglés). Las llamadas hipotecas revertidas – “reverse mortgages” — permiten a los propietarios de 62 años o más pedir un préstamo con el aval de su casa. El programa ha tenido bastante aceptación, y según el diario Chicago Tribune la edad de los usuarios ha bajado …