Khirallah PLLC

Legal Needs Are Unpredictable;

Your Attorney Should Not Be.

Mortgage brokers sometimes target financially vulnerable senior citizens and pressure them to take out a reverse mortgage. Seniors may face the same sort of lending practices that were prevalent in the subprime mortgage boom, such as an aggressive sales pitch pushing them into a loan they don’t need. Some brokers even go so far as to incorrectly state that you will never lose your home if you take out a reverse mortgage. However, this is not true. Additionally, the Deceptive Trade Practices Act (DTPA) prohibits sellers against false, misleading, and deceptive business practices, unconscionable actions, and breaches of warranty. A DTPA violation occurs when a good or services does not meet the standards the seller promised to the consumer. If you are having an issue with your reverse mortgage, there may be legal solutions at your disposal.

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