Concept information
Preferred term
reverse-mortgage fraud
Definition
- 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]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/reverse-mortgage_fraud
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