Reverse Mortgages and Real Estate Taxes
Yesterday, the Secretary of the US Department of Housing and Urban Development (HUD) announced a new policy designed to help reverse mortgage borrowers who are behind on their real estate taxes.
http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2011/HUDNo.11-001
With a conventional mortgage, your monthly mortgage payment typically includes an amount which the...