Jean constantine davis aarp free
Jean Constantine-Davis is a Senior Attorney at AARP based in Washington, District of Columbia..
Constantine-Davis Jean, based in Washington, DC, US, is currently a Senior Attorney at AARP Foundation.
AARP Sues HUD Over Reverse Mortgage Foreclosures
Reverse mortgages are suppose to help elderly homeowners keep their home while maintaining their lifestyle but the AARP filed a lawsuit against the Department of Housing and Urban Development which says that the recent changes made to reverse mortgages are pushing elderly homeowners into foreclosure.
“HUD has illegally and without notice changed the rules in the middle of the game at the expense of vulnerable older people,” said Jean Constantine-Davis, an AARP Foundation senior lawyer.
The lawsuit focuses on reverse mortgages where only one spouse signed the loan document. It argues that HUD shifted course in late 2008, making changes in its procedures so that surviving spouses who are not named on the mortgage must pay the full loan balance to keep the home, even if the property is worth less.
The rules which were changed made it possible for reverse mortgage lenders to demand full payment of an outstanding loa