My mother passed away 12/31/2009. See got a Reversed Mortgage with this outfit in Nov. 2007. On January 8, 2010 I contacted Financial Freedom and they tell you that you need to do this by 3 months and if you can't then by 6 months you can do that. Since the house was only occupied by my mother, no one else resides there. Financial Freedom had someone go into my mother's home on 3/3/2010) without notifying me prior, to "winterize the home". They had the locks changed. This is LESS THEN # MONTHS and THEY ARE TAKING OVER THE HOUSE AND I, AS EXECUTOR OF HER ESTATE, HAVE NOT SIGNED ANY DOCUMENTS GIVING THEM ACCESS. Because they posted this sign in the front window that can be easily seen from the main street, in a neighborhood that has crime, I wrote them and told them that they will be held accountable if someone breaks into that house because they were stupid to broadcast like that.
Thank goodness I had everything out of the house as I think this company is full of con-artists. Who in the world would give a loan up to $400, 000 when that home, at it's highest, may sell for $220, 000 when the housing market was good, but now only sells for $135, 000. They tell me I owe them $195, 000. I pretty much told them ... good luck, write up the deed to transfer the house back over to them and I hear nothing. Except for on March 17, 2010 I get a call from a guy calling from "Financial Sveden" (yes, took me awhile to understand what he was saying), to call Elaine about status of my mom's estate and gives me a number. I can't understand what he was saying. Tried what I thought he said - the number was wrong. And to boot... the 1-800 number on the last statement I found of theirs, the number has been DISCONNECTED!