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Home Equity Basics
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home equity
Dealing with fraud

Anyone victimized by fraudulent lenders or contractors should:

• Contact an attorney immediately.

• File a complaint with the Federal Trade Commission's Consumer Response Center. The FTC cannot resolve individual complaints, but it can take action against a company if a pattern of violations is found.

• Contact the FTC via the Internet; by calling toll-free: (877) FTC-HELP (382-4357); TDD (for hearing impaired) (202) 326-2502; or by writing: Consumer Response Center at Federal Trade Commission, 600 Pennsylvania Ave. NW, Washington, DC 20580.

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Ask Dr. Don

HELOC vs. reverse mortgage?

Dear Senior Living Adviser, If you have a home equity line of credit , or HELOC, for $150,000 with no balance on it, should you use it instead of a reverse mortgage? Which is a better way to save the assets if there is... Read more


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