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Sandy Jolley
Works at Jolley Reverse Mortgage Suitability and Abuse Consultants
Lives in California
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Sandy Jolley

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Reverse Mortgage Non-borrowing spouses face eviction soon after the death of their spouse due to HUD's failure to manage the HECM reverse mortgage program and live up to the program intention to keep seniors in their home until they die. 
http://calreinvest.org/news/advocates-grandma-may-get-run-over-by-hud%E2%80%99s-new-reverse-mortgage-policy
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Yea!  AB1700 becomes law.  CA is the first state to provide the consumer with the time and tools to determine if a reverse mortgage is suitable for their circumstances.  The 7 day mandatory waiting period after counseling is the only dedicated time the consumer has to determine if a reverse mortgage is the right financial product for them.  And BTW, the consumer is 100% responsible for determining suitability.  The RM salesperson and HUD counselor are not qualified or legally allowed to give any advice to the consumer.  The upcoming financial assessment doesn't protect the consumer - it was created by the government to provide protection against future losses to FHA insurance fund.  Of course RMD is against any protections for the consumer - as usual they are concerned with how it will impact their sales.  We should all get on the same page:  Suitability of a rm at origination determines the outcome during servicing and maturity.  A suitable reverse mortgage is good for the consumer, the lender, the FHA insurance fund and the taxpayer.  Suitability is the only thing that matters to keep this product sustainable.
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Sandy Jolley

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Check out Reverse Mortgage Questions and Answers.
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Sandy Jolley

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 Hello - I am a Reverse Mortgage Suitability and Abuse Expert and Elder Consumer Advocate.  I help consumers, borrowers, heirs and their families understand their rights and options in every step of the reverse mortgage process.  I welcome your questions. Sandy Jolley 805 402-3066 or email sjolley2@compuserve.com
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HI Kerry,  I just got your message.  If you still need help give me a call at 805 402-3066.
Best, Sandy
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Sandy Jolley

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Article I am featured in.  Although I share my parents story it's the same story happening to hundreds of thousands of other elderly consumers and their families.  Billions of dollars made legally isn't enough for this greedy bank they have to make billions more off consumers and the taxpayer.  There is absolutely no accountability.   
 
California Reinvestment Coalition says FDIC has paid $1 billion to OneWest and estimates $1.4 billion more is on the way.
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Great Article by Joe Legueri on the misleading reverse mortgage ads and the risks to Senior Consumers
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2:45 AM (1 hour ago

Hi Sandy,Thank you so very much for getting back to me. I can call you tomorrow if thats ok. What would be a good time? Sorry for getting back to you so late, having so many sleepless nites trying to piece together what needs to be done for this case. My Mom is really going thru it to say the least, I truely believe shes having a nervous breakdown or severly depressed and shes venting her fears in all the wrong directions. In other words, shes not doing too good and it shows.. Hoping I can hang on here long enough to get her thru her due process?? Ive been digging up all the the stuff I can re this company/lender and comparing notes and I see presiding cases against this company and loss of their license over this same situation but in different states all over the www and keep finding more things which Il share with you later that keeps me digging till I drop each nite and I cant find one good reason why any of this is going on . I see illegal or shall I say non binding contracts/agreements made by a man who only talked to her and my father on the telephone and the response the lender made to CFPB complaint that you helped with is full of admission and mistakes that I cant believe the lender didnt drop this just to save face. umm I filed another one/cfpb complaint about two weeks ago and I hope that wasnt a mistake but my mom didnt tell me one already existed so I shot in the dark and prayed for a miracle and am impatiently awaiting there response. I Should hear something in ten days or less, Im not an attorney or legal assistant by any means, Ive had the opportunity to study a little Business Law in Business School but thats about it. The rest Ive learned just from lifes learning experiences. Sandy, I"ve seen the hard work you poured into this case. I can tell that you really know what your doing and I feel you have had some lets say personal experience because I feel your heart come thru each document with your knowledge and fight for the Injustice done not only to my mother but to so many other heartbroken widows in her situation and God Bless.you for using your strength and experience to help so many others. If you cant help her I know it will be for good cause. I just thought I would try to ask for your assistance and if nothing else Thank you so very much for all you have done for her, Shes a loving mother, a great wife, and good friend that helps others with their problems and shes just so very lost right now because I believe its the first time shes ever really needed help from anyone else and she just doesnt know how to act and or ask for the help she so desperately needs. Please understand her and forgive her. shes just not herself right now, In His Precious Name, Dawn P.S. a 17k thats a 17,000 dollar lien has been put on her home by her Attorney that she was referred to as an advoacte and low cost by the Dept. of Veterans Affairs and he wont even spend a minute with her well ummm he finally contacted her by email after 3 months just a couple work days after I contacted the Judges secretary about this, should I say coincidence??? and she just received his email yesterday saying get ready and get boxes and start packing what a guy. Her court date was/is according to court website as of today to be Monday the 15th and has supposably been rescheduled to January 9th but the trustee sent notice that sale is Feb 19th and in the past court dates have been purposely coinciding with court date so Im lost on that one too so I think I will show up monday at court and act stupid guess I wont have to act that hard and I also know that they will remember who I am cause I got in trouble recording the hearing with my cell phone another lesson learned that I will never forget courtesy of the Ventura County Sheriffs Dept, Please smile thats funny stuff! Please Help me Help her Please before I get arrested!!!
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Have her in circles
62 people
Bradley Horowitz's profile photo
Harris Glasser's profile photo
Tibor Knowles's profile photo
Ryan Ostendorf's profile photo
Arlene Hill's profile photo
benvindo victor sambo's profile photo
Harvey Santia's profile photo
Andrew Papageorge's profile photo
Patricia Gyamfi's profile photo
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