Facing foreclosure? What are your options?
Despite what the Government is telling us, this economy is bad. REALLY BAD. No one knows this more than senior citizens. While their income sources are usually fixed, expenses aren't. Utilities are increasing. taxes are increasing. Food costs are increasing. Medical costs are spiraling away.

It can become impossible to meet all the bills.

Consider your home as a source of income.
HECM mortgages, ( That stands for Home Equity Conversion Mortgage) allows a homeowner,

aged 62 or older, to tap the equity in their home, without incurring another payment.

Thats right. You can take out a mortgage that has no payments! Is this a great country or what?

How does it work?
A reverse mortgage is a special FHA insured loan, that enables you to withdraw cash from your home, without having to make monthly payments. If you are facing foreclosure, tax sale, IRS tax lien, you can use a reverse mortgage to pay off existing debts, extinguish a mortgage, or for daily living expenses. And still continue the home in your name and live in it .

If you would like free information about how a reverse mortgage can help you,

contact me at 610 768 7788 or email mclancy@alliedhomenet.com

Michael Clancy

Allied Home Mortgge

630 freedom Business Center

King of Prussia, PA 19406