BBB uncovers alleged mortgage scam - 2005-01-27
The Better Business Bureau said it has uncovered a mortgage elimination scheme that may be affecting area lenders, leaving homeowners facing dire consequences.

Broad White of the Southeast Florida BBB said his office has investigated and this group is allegedly already running the scam in Miami-Dade and Palm Beach counties. He is checking for Broward.
Read the full story at South Florida Business Journal

Reverse mortgages are becoming more popular with older Americans - 2005-01-27
"House rich, cash poor" is a common situation for older Americans whose homes have appreciated in value while their incomes have failed to keep up with rising healthcare costs, property taxes and other living expenses.

Rather than liquidate their homes, many are taking out reverse mortgages, which allow homeowners age 62 and older to borrow against the equity in their homes in one lump sum, via regular monthly payments or, most commonly, with a line of credit.
Read the full story at CNN/Money