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Aug 18, 2021 · AAG Reverse Mortgage reviews and complaints. As of July 2022, the company was accredited by the Better Business Bureau (BBB) with a B+ rating. There have been 93 complaints registered in the last three years, and of these complaints, 44 were closed in the last 12 months.
Apr 15, 2024 · These scammers often create a false sense of urgency or deceive homeowners about a promising investment opportunity that requires a reverse mortgage. With good companies and bad actors abound, who can you trust? Luckily, AAG is one of the most reputable reverse mortgage lenders in the industry.
Dec 7, 2016 · WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) took action against three reverse mortgage companies for deceptive advertisements, including claiming that consumers could not lose their homes. The CFPB is ordering American Advisors Group, Reverse Mortgage Solutions, and Aegean Financial to cease deceptive advertising ...
Oct 8, 2021 · AAG’s actions were deceptive because they would lead a reasonable consumer to believe that the consumer could reap more proceeds from the reverse mortgage than were actually available. Made deceptive representations about the accuracy of home estimates : AAG’s marketing materials to consumers stated that it “makes every attempt to ensure ...
BBB accredited since 8/22/2005. Reverse Mortgage in Irvine, CA. See BBB rating, reviews, complaints, get a quote & more.
Nov 18, 2021 · By Sandra Beckwith. Published Thu, Nov 18 2021. Table of Contents. Intro. What Is a Legitimate Reverse Mortgage? How to Quickly Identify a Scam. How to Protect Yourself. Be Alert to These Common Scams. How to Report a Reverse Mortgage Scam.
Oct 8, 2021 · OCT 08, 2021. Share & print. WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today filed a complaint and proposed consent order alleging that American Advisors Group (AAG) used inflated and deceptive home estimates to lure consumers into taking out reverse mortgages.
