An unusual reverse mortgage case made headlines this week. Normally, headlines are only made in the reverse mortgage industry when a bad lender gets caught doing something he shouldn't have done. Sometimes there are headlines of reverse mortgage success stories. But this could very well be the first news report of a reverse mortgage lender who saved a woman's life during the course of doing his job.
The lender was on the phone with an elderly woman whom he was trying to interest in obtaining a reverse mortgage loan. She was acting very strange and said the phrase, "help me". He wasn't sure what was going on but he called 911 and emergency responders went to her home. It is unclear what was wrong with the woman but she reports that she is very grateful for the fact that the emergency responders saved her in this situation.
She also says that she is considering getting that reverse mortgage loan!
Learn more here.
Question of the Day: Do you think there are other cases out there of lenders saving lives over the phone?
