Reverse Mortgage FundingReviews of reversefunding.com

Did reverse mortgage funding go out of business? (DBRS Morningstar) notes that Reverse Mortgage Funding, LLC (RMF) filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware on November 30, 2022, one day after laying off more than 400 employees. The company retained certain core staff including the servicing oversight team.Dec 13, 2022

DONT DO IT!!!! My mum took a reverse mortgage in England of just £60,000 ($118,000 Australian) 18 years ago. She died recently and she owes interest to the bank the total of £255,000 (($505,000 Australia) with interest increasing £1,200 per month. ($2,378 Australian) It is a beautiful cottage and worth £400,000 ($792,000 Australia) and losing equity fast!! If she had lived for 2 and half more years they could have thrown her out of her house and she would have been 89 years old with no where to live!!!! Its terrible and disgraceful that the companies that sell Reverse Mortgages prey on the elderly and are told it’s a good idea but it should be BANNED!!!!! If you are thinking of a reverse mortgage - please please DON’T DO IT - Just DOWNSIZE and keep your money.

I have been sent $200.00 , I requested $8000.00. They lost my first request for $4,000.00 after I called them I was told they did not receive my request. Sent another $4,000.00 request they sent me $200.00 and charged me a $3,800.00 late fee. I owe them NOTHING. I hate them and I will close the account as soon as I receive take my $800,000.00 out of their hands.

I have a reverse mortgage with RMF,the first of every month I receive a loan payment that is direct deposited into my bank account...I did not receive my loan payment on 12-1-2022,instead I received a email stating that FMF filed for bankruptcy,and I would have to wait until the Judge in the court of Delaware,releases funds ,to get my loan payment.. I am a senior on a fixed income that depends on my reverse mortgage loan to live each month! I called FMF,the customer service rep. said not to worry your loan is insured by the FHA,my first question is,will I being getting my loan every month,as I have in the past ? Do I need to contact FHA ? Do I need to seek legal advice? Please respond with an answer, since I can not get a honest answer from, the customer rep..Thank you..Joseph Cynar...

Maybe three weeks ago I mailed in a request for a $10,000 payment from my line of credit, but have not received the payment. Now I have created an on-line a/c and see the $10,000 has been removed, but where is it? I have spent two days now trying to reach you by phone, but you neither answer or call back when I leave a message. Same with your website where your bots tell me that someone will get in touch. But they don't. No they don't. They just don't. No-one gets back in touch. So what is an old man to do? What is your advice? Yes, next time I'll not do this by mail. I know that now. But what next RMF? What next? Stop playing with me and tell me what next? I needed that money in my hand last week. So what do I do now?

If I could give you people less than 1 star I would. First part of October I was turning 60, and looking around about reverse mortgage. PLEASE NOTICE!!!! IM NOT OLD ENOUGH YET. These people have called me 19 times since. I've talked to them 2 times and told them to quit calling, and they've again today. At this point I would not use them even if I had a gun to my head. What is it going to take for yall to lose the #. Turning you into the BBB??? That's next, police? Maybe. STOP IT!!@ IM NOT OLD ENOUGH!!!!•

I was put in contact with Joe Walker of RMF, and was treated more dismissively than I have ever been in my life. I told him that my Mother died two days earlier, and that I was looking at my options for keeping her home. He asked my age, and when I said 59, he blurted out "you're not qualified" without hearing ANY specifics. I actually will qualify in 9.5 months, but he didn't want to hear that, and was ready to hang up. I asked if he was with RMF, because with some mortgage lead companies, it's hard to know, and he went ballistic, and accused me of "having an attitude". By asking what company he was with, I had an attitude. This man has no business being in customer service period, let alone the mortgage industry.

If there was a negative for review I would use that zero to rate RMF. LIARS and robbers, that's what RMF is. Promises of a coming return phone call after escalations have come and gone three times. THREE times RMF lied to me! My roofing contractor replaced my roof on 7-9-22. He did a good, timely job using quality materials, and deserves to be paid. He has carried my debt for over a month now, and is threatening Lien on my home. Meanwhile, RMF holds MY money for over 30 days, while they try to, make interest on MY MONEY! All I get is bowl-fulls of Caproate jargon and BS lies. I am filing complaints with the Colorado State Attorneys Office and with the Federal Attorneys Office. These people are liars and cheats, in my book! I want my MONEY that RMF has held for over a month!!