AoA has added a new page to www.aoa.gov
that provides information about a new role for Aging Network
professionals in working with HUD HECM reverse mortgage holders who may
be delinquent with certain property cost payments.
Beginning in
January 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 may turn to the Aging Network for
assistance. This new web page is designed to assist Aging Network
professionals in understanding the issue and how they may assist.
Resources available on the web page include background information,
summary information, and an FAQ that may be used with consumers. As new
resources become available, the AoA HECM web page will be updated to
include them.
The new web page can be found under AoA Programs, Special Projects at http://aoa.gov/AoARoot/AoA_Programs/Special_Projects/index.aspx
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