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Concept information

Preferred term

reverse-mortgage fraud  

Definition(s)

  • A reverse mortgage, also known as a home equity conversion mortgage, is a special type of home equity loan that provides older homeowners with loan money that does not have to be immediately repaid. This type of arrangement can be useful to seniors who own their homes but have limited monthly incomes. [Source: Encyclopedia of White-Collar and Corporate Crime; Reverse-Mortgage Fraud]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-V7GND2P1-Z

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