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Charles Ware

Charles Ware
December 31
We're here to make a difference, and have been for more than 30 years. Contact the Columbia offices of our national law firm of Charles Jerome Ware, PA, today. We can help with your personal injury, corporate law or medical malpractice legal issues in Maryland, Washington, D.C., Virginia and Pennsylvania. Our skilled, experienced attorney is available for initial consultations by phone, fax and e-mail, and he returns after-hours calls promptly. We also provide interpretation for a variety of foreign languages.


AUGUST 1, 2013 12:57PM


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Courtesy of the national law firm of Charles Jerome Ware, P.A., Attorneys and Counselors,, (410) 730-5016/(410) 720-6129.


Unfortunately, there are many predatory reverse mortgages that victimize the elderly.  One alleged case is currently ongoing in New York courts:


A New York woman is fighting with a bank after the reverse mortgage her mother bought in 1997 continued to add charges, including compounding interest, so that the homeowner benefited little from the deal. The bank in this case still has not given her the total amount she owes on the reverse mortgage, which could be as much as $1.6 million, when compared with the actual payouts the woman received of just under $273,000.


While reverse mortgages are supposed to benefit senior citizens by providing payouts and delaying repayment, that didn't happen in this situation, so the daughter has now filed a lawsuit. In real estate transactions across the nation, this type of scenario is all too common.


The bank, OneWest and its subsidiary, Financial Freedom Acquisition, LLC, is not discussing the case due to the pending litigation, and the law firm that represents the bank hasn't commented either. The bank tried to foreclose on the home and added interest, legal and other fees. The financial institute claims that some of the money they are owed is half of the value of the home's appreciation, which has grown from about $556,000 in 1997 to an estimated $1.8 million in 2013.


The daughter, Sarah Havemeyer of Southhampton, New York, is challenging the foreclosure due to a lack of documentation and because of the excessive terms of the loan. While most reverse mortgages don't charge such outrageous fees, some do. In another incident, a number of people filed a class action suit for $8 million against the companies that used reverse mortgages to take advantage of others.


A homeowner may initially think that a reverse mortgage will give them easy access to cash and be a quick solution for someone suffering from financial difficulties. A qualified attorney might be able to help clients determine the best solution for them.


[, "The Nation's Housing: A Reverse Mortgage Nightmare", Kenneth Harney, July 29, 2013].


Among attorney and author Charles Jerome Ware's best-selling books are:

(1) The Secret Science of Winning Lotteries, Sweepstakes and Contests;

(2) Understanding the Law: A Primer;

(3) The Immigration Paradox: 15 Tips for Winning Immigration Cases;

(4) Legal Consumer Tips and Secrets: Avoiding Debtors' Prison in the United States; and

(5) Quince (15) Consejos Para Ganar Casos Del Inmigracion. ("We fight.  You win.")


Attorney Charles Jerome Ware is renowned and consistently ranked among the best attorneys and legal counsellors in the United States. [GQ Magazine, The Washington Post, The Baltimore Sun, The Columbia Flier, USA TODAY, The Howard County Sun, The Anniston Star, The New York Times, CNN, MSNBC, CBS, ABC, NBC, FOX-TV NEWS, WHUR, WHUT, MPT, BBC, The Wall Street Journal, ABA Journal, et al.]

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