1. Federal Trade Commission (FTC)
The FTC offers valuable guidance on recognizing and reporting reverse mortgage scams. Their website provides detailed information on common scams and offers tips on how to protect yourself or your loved ones from falling victim to fraud.
2. Department of Housing and Urban Development (HUD)
HUD provides comprehensive resources for seniors considering a reverse mortgage. Their website offers information on eligibility requirements, counseling services, and how to avoid scams. HUD-approved housing counselors can also offer personalized assistance and advice.
3. National Council on Aging (NCOA)
The NCOA offers educational resources and tools to help seniors make informed decisions about reverse mortgages. Their website features articles, guides, and webinars on topics such as financial planning, housing options, and avoiding financial scams.
4. Consumer Financial Protection Bureau (CFPB)
The CFPB provides consumer protection information related to financial products, including reverse mortgages. Their website offers resources to help seniors understand their rights, recognize red flags, and report suspicious activity.
5. AARP
AARP offers valuable resources for seniors, including information on reverse mortgages and how to avoid scams. Their website features articles, videos, and webinars on financial planning, retirement, and protecting against fraud.
6. Local Resources
Local community organizations, senior centers, and legal aid offices may offer assistance and resources for seniors considering a reverse mortgage. These organizations can provide personalized guidance and support tailored to your specific needs and concerns.