The installment payments and the lump sum payments which the borrower receives are normally not taxable because they come from equity the borrower already owns. ==> Asset Protection: The amount due can never exceed the value of the home and title to the home always remains with the borrower. We provide advice on a variety of financial solutions and have expertise on providing you with the best solution to handle your debt. To be eligible for a HUD reverse mortgage, HUD's Federal Housing Administration (FHA) requires that the borrower is -
. By inflating the value they avoided the down payment requirement for purchase money reverses, and able to divert loan proceeds to his shell companies, with fake lien payoffs.
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