FHA FHA reverse mortgage new york Nationwide

Reverse Mortgage as a scam for FHA to unjust-enrich US Banks by US citizen tax money
California House needs an investment from foreign bank/foreign people/ or any one.
tranlich.com/house_investment_needed/
 
The market value of my house is $480,000-$500,000 mortgage balance $375,000.  I applied for reverse mortgage.  However, the HECM Housing Counselor said the only dis-qualification on my reverse mortgage application is that  it requires 50% equity.  I believe that Reverse Mortgage is really a scam for FHA to help the US bank because the bank lose nothing (or always benefit). FHA will pay the high interest/cost in bad situation by US tax money; whereas the homeowners may lose their houses or equity.  Why does such 50% equity requirement exist?  Why the FHA allows a 3.5% down payment for first time home owner, but cannot help  the same first time home owner who paid 25% value of the house for reverse mortgage?


I believe that reverse mortgage should be changed to an investment by both the bank/lender and the homeowner.  However, the US bank (with the help of FHA on current reverse mortgage policy) does not want to lose such benefit for the new idea of the investment.  


Therefore,  I need an investment from foreign bank/foreign people/ or any one.  Chinese/Japanese/Vietnamese Communist bank or person . . ..... welcome.


For example:  Foreign bank/person invests $375,000, the homeowner invest $105,000 (equity $480000-105000), no need for FHA or HUD.


My wife and I (both 63 yrs. old) will live in our house for the rest of our life, set an escrow withdraw money from my social benefit and pension ... to pay attorney fee, tax, maintenance, insurance …..  That means I pay all of the cost.


The house can be sold only when we die or if I failed my duty on tax, maintenance,…. or all parties agree to sell.   The ultimate selling price will be divided in proportion of the investment to the Foreign bank/person and my heirs.


The Foreign bank/person  may have a lien on the house or other thing to secure their investment. No withdraw any cash/loan/lien on the house without agreement of all parties.

 
Percent increase in house prices at Garden Grove

bestplaces.net/zip-code/california/garden_grove/92840

REAL ESTATE: The median home cost in Garden Grove (zip 92840) is $398,900. Home appreciation the last year has been 18.90 percent.

 

In fact, my house  in Garden Grove price records
11/19/76 Sold $42,000   Public Record    
 05/18/10 Sold $380,000  Public Record
increase 905% after 34 years

For more discussion/more information about the house, please email lich1299@gmail.com.