[WSBARP] Reverse Mortgage Foreclosure

[NC]

Their website claims: "Our goal is to EDUCATE qualified homeowners so they
can determine how their quality of life can be improved during retirement."
Sorry to hear about your client but these types of companies have usually
made mistakes through the process. I doubt the foundation was compromised.
On Sep 28, 2016 12:38 PM, "Catherine Clark" <Cat at loccc.com> wrote:

> So they used the “no waste” clause as a basis for foreclosure?  They did
> it non-judicially?  Does the clause say “in the sole discretion of the
> lender” or something like that?
>
>
>
> This is scary.
>
>
>
> Catherine C. Clark
>
> Law Office of Catherine C. Clark PLLC
>
> 2200 Sixth Avenue, Suite 1250
>
> Seattle, WA 98121
>
> Phone:  (206) 838-2528
>
> Direct Dial:  (206) 274-7941
>
> Cell:  (206) 409-8938
>
> Fax: (206) 374-3003
>
> Email:  cat at loccc.com
>
>
>
> NOTICE: The information contained in this electronic information
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>
> *From:* wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.
> wsbarppt.com] *On Behalf Of *Rusty McGuire
> *Sent:* Tuesday, September 27, 2016 10:49 AM
> *To:* wsbarp at lists.wsbarppt.com
> *Subject:* [WSBARP] Reverse Mortgage Foreclosure
>
>
>
> Members,
>
>
>
> I have run into an old client who just got evicted under an unlawful
> detainer after a reverse mortgage foreclosure.  He was too embarrassed to
> talk about it but apparently when it went down he was in such disbelief
> that when the Sherriff removed him he finally became aware it was real.
> LiveWell financial claimed the house was in disrepair and he refused to
> repair and so they went through the process.  The problem is that I have
> been to the home and there is nothing that even comes close to disrepair.
> They told him he needed to paint the concrete foundation which has never
> been done in the past or even on my own home.  This case is sad and I would
> like to know if anyone else has had this happen to clients.
>
>
>
> Rusty
>
>
>
> L.R. “RUSTY” McGUIRE
>
> PRINCIPAL
>
> *[image: Description: Description: 2nd attempt smaller CMD logo]*
>
> *P.O. Box 1187*
>
> *503 Morgan Street*
>
> *Davenport, WA 99122*
>
> Phone: (509) 725-4100 Fax (509) 725-4108
>
> Email: rmcguire at cmd-lawfirm.com
>
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