{"id":60046,"date":"2025-05-28T03:05:09","date_gmt":"2025-05-28T01:05:09","guid":{"rendered":"https:\/\/housesmarketplace.com\/california-wildfire-recovery-event-sought-to-offer-guidance-to-reverse-mortgage-borrowers\/"},"modified":"2025-05-28T03:05:09","modified_gmt":"2025-05-28T01:05:09","slug":"california-wildfire-recovery-event-sought-to-offer-guidance-to-reverse-mortgage-borrowers","status":"publish","type":"post","link":"https:\/\/housesmarketplace.trio-tv.com\/ru\/california-wildfire-recovery-event-sought-to-offer-guidance-to-reverse-mortgage-borrowers\/","title":{"rendered":"\u041c\u0435\u0440\u043e\u043f\u0440\u0438\u044f\u0442\u0438\u0435 \u043f\u043e \u0432\u043e\u0441\u0441\u0442\u0430\u043d\u043e\u0432\u043b\u0435\u043d\u0438\u044e \u043f\u043e\u0441\u043b\u0435 \u043b\u0435\u0441\u043d\u044b\u0445 \u043f\u043e\u0436\u0430\u0440\u043e\u0432 \u0432 \u041a\u0430\u043b\u0438\u0444\u043e\u0440\u043d\u0438\u0438 \u0431\u044b\u043b\u043e \u043f\u0440\u0438\u0437\u0432\u0430\u043d\u043e \u043f\u0440\u0435\u0434\u043e\u0441\u0442\u0430\u0432\u0438\u0442\u044c \u0440\u0435\u043a\u043e\u043c\u0435\u043d\u0434\u0430\u0446\u0438\u0438 \u043f\u043e \u0440\u0435\u0441\u0442\u0440\u0443\u043a\u0442\u0443\u0440\u0438\u0437\u0430\u0446\u0438\u0438 \u0438\u043f\u043e\u0442\u0435\u0447\u043d\u044b\u0445 \u0437\u0430\u0435\u043c\u0449\u0438\u043a\u043e\u0432"},"content":{"rendered":"<div>\n<p>For communities engulfed in the wildfires that took place earlier this year in the <a href=\"https:\/\/www.housingwire.com\/tag\/los-angeles\/\" target=\"_blank\" rel=\"noreferrer noopener\">Los Angeles<\/a> area, lives have been upended and additional strain has been placed on an already-stressed housing system in Southern <a href=\"https:\/\/www.housingwire.com\/tag\/california\/\" target=\"_blank\" rel=\"noreferrer noopener\">California<\/a>. <\/p>\n<p>But for wildfire victims who are also reverse mortgage borrowers, they may encounter problems stemming from a major disaster interacting with what\u2019s already recognized as a complicated financial product.<\/p>\n<p>That\u2019s why the <strong>Los Angeles County Aging and Disabilities Department<\/strong> <a href=\"https:\/\/www.housingwire.com\/articles\/los-angeles-county-event-reverse-mortgage-borrowers-wildfire-recovery\/\" target=\"_blank\" rel=\"noreferrer noopener\">hosted a special event<\/a> on May 10 designed to help older residents whose homes were damaged by the Eaton Fire, and who may be facing property damage or loss while maintaining a Home Equity Conversion Mortgage (<a href=\"https:\/\/www.housingwire.com\/tag\/hecm\/\" target=\"_blank\" rel=\"noreferrer noopener\">HECM<\/a>).<\/p>\n<p>The event featured Aimee Williams, the associate vice president of justice for tenants, homeowners and unhoused individuals at <strong>Bet Tzedek Legal Services<\/strong>, a free legal services agency in the area.<\/p>\n<p>Williams is an attorney licensed to practice law in California, and she has served for more than 10 years as a housing lawyer in LA, working in both nonprofit legal services and privately on behalf of tenants and consumers.<\/p>\n<p>Williams sat down with <strong>HousingWire<\/strong>\u2019s Reverse Mortgage Daily (RMD) before and after the event to gauge her planning for it and what she hoped the results would be.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-impact-of-the-fires\">Impact of the fires<\/h2>\n<p>Williams said that the <a href=\"https:\/\/www.housingwire.com\/tag\/wildfire\/\">wildfires<\/a> have had a major impact on the constituencies served by the aging and disabilities department, which often include seniors and low-income individuals. <\/p>\n<p>This also makes reverse mortgage borrowers a common constituency for the organization, and the county has strong partnerships with Bet Tzedek due to its large portfolio of elder justice initiatives.<\/p>\n<figure class=\"alignright size-large is-resized\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" width=\"240\" height=\"272\" data-attachment-id=\"522463\" data-permalink=\"https:\/\/www.housingwire.com\/articles\/california-wildfire-recovery-event-guidance-for-reverse-mortgage-borrowers\/aimeewilliams_bettzedek\/\" data-orig-file=\"https:\/\/www.housingwire.com\/wp-content\/uploads\/2025\/05\/aimeewilliams_bettzedek.jpeg\" data-orig-size=\"240,272\" data-comments-opened=\"1\" data-image-meta='{\"aperture\":\"0\",\"credit\":\"\",\"camera\":\"\",\"caption\":\"\",\"created_timestamp\":\"1651586448\",\"copyright\":\"\",\"focal_length\":\"0\",\"iso\":\"0\",\"shutter_speed\":\"0\",\"title\":\"\",\"orientation\":\"1\"}' data-image-title=\"aimeewilliams_bettzedek\" data-image-description=\"&lt;p&gt;Aimee Williams, Aimee Williams is the Associate Vice President of Justice for Tenants, Homeowners, and Unhoused Individuals at Bet Tzedek Legal Services.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Aimee Williams&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/www.housingwire.com\/wp-content\/uploads\/2025\/05\/aimeewilliams_bettzedek.jpeg?w=240\" data-large-file=\"https:\/\/www.housingwire.com\/wp-content\/uploads\/2025\/05\/aimeewilliams_bettzedek.jpeg?w=240\" src=\"https:\/\/www.housingwire.com\/wp-content\/uploads\/2025\/05\/aimeewilliams_bettzedek.jpeg?w=240\" alt=\"Aimee Williams, Aimee Williams is the Associate Vice President of Justice for Tenants, Homeowners, and Unhoused Individuals at Bet Tzedek Legal Services.\" class=\"wp-image-522463\" style=\"width:200px\" srcset=\"https:\/\/www.housingwire.com\/wp-content\/uploads\/2025\/05\/aimeewilliams_bettzedek.jpeg 240w, https:\/\/www.housingwire.com\/wp-content\/uploads\/2025\/05\/aimeewilliams_bettzedek.jpeg?resize=132,150 132w\" sizes=\"(max-width: 240px) 100vw, 240px\"><figcaption class=\"wp-element-caption\">Aimee Williams<\/figcaption><\/figure>\n<p>\u201cWe have existing partnerships with different county agencies, and when they were putting on this event, they invited us to attend to provide a \u2018know-your-rights\u2019 presentation,\u201d she explained.<\/p>\n<p>Because of the organization\u2019s focus on direct services, Bet Tzedek is always looking for ways to reach more people when its services are needed. That made participating in the reverse mortgage event a natural fit, Williams said.<\/p>\n<p>\u201cBeing able to provide community education in this way, we really hope to be able to reach more people and prevent the worst from happening,\u201d she said. \u201cMany homeowners won\u2019t need a lawyer for what they are facing \u2014 and the less lawyers you can deal with in your life, the better, generally. So we like to be able to give people enough information to help navigate what is a really complex process.\u201d<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-navigating-disaster-recovery\">Navigating disaster recovery<\/h2>\n<p>Williams said that common issues seen during the wildfire recovery are tied to navigating the complex web of rules, regulations and other requirements that stem from reverse <a href=\"https:\/\/www.housingwire.com\/tag\/mortgage-servicing\/\">mortgage servicing<\/a> and how they combine with local, state and federal disaster response mechanisms.<\/p>\n<p>These often include large financial decisions and a need to balance multiple variables.<\/p>\n<p>\u201cYou\u2019re interacting with multiple agencies related to your property taxes,\u201d she said. \u201cInsurance is a huge one, then [the <a href=\"https:\/\/www.housingwire.com\/tag\/fema\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Federal Emergency Management Agency<\/strong><\/a> (FEMA)] and [<a href=\"https:\/\/www.housingwire.com\/tag\/fha\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Federal Housing Administration<\/strong><\/a> (FHA)] are in town, trying to help out. And then, obviously, your mortgage servicer as well.\u201d<\/p>\n<p>While the majority of reverse mortgages that the organization deals with are FHA-backed, Williams said it also sees \u201ca number\u201d of borrowers engaging with proprietary reverse mortgage programs, given the generally elevated <a href=\"https:\/\/www.housingwire.com\/tag\/home-prices\/\">home values<\/a> across the county.<\/p>\n<p>\u201cWe don\u2019t see those as often as the government-backed loan, but we don\u2019t want to discount those because they often offer a unique challenge,\u201d she said.<\/p>\n<p>Williams said that roughly 10% of the reverse mortgage borrowers the organization serves \u201cfind themselves in <a href=\"https:\/\/www.housingwire.com\/articles\/attom-foreclosure-report-april-2025-reo\/\">foreclosure<\/a>,\u201d typically due to a servicing issue of some kind. Adding the complication of the wildfires on top of these existing issues can be a recipe for a convoluted legal mess.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-hopes-envisioned-initial-response\">Hopes envisioned, initial response<\/h2>\n<p>Williams said that her hopes going into the event were driven primarily by a desire to inform people about \u201cwhat exactly [a borrower\u2019s] obligations are,\u201d she said. \u201cAnd particularly when it\u2019s on the borrower to rebuild, if they want to do that, and navigating what that process is.\u201d<\/p>\n<p>In an interview conducted after the event, Williams described the event as a good one.<\/p>\n<p>\u201cThere were probably about 30 people there, [in addition to] HUD-certified <a href=\"https:\/\/www.housingwire.com\/tag\/counseling\/\" target=\"_blank\" rel=\"noreferrer noopener\">housing counselors<\/a> and a couple of different county and state agencies,\u201d she said. \u201cA lot of the information we were able to provide prompted feedback from service providers that it was helpful for them as well, and I was able to highlight some of the work they\u2019re doing to connect people.\u201d<\/p>\n<p>Getting the word out is the name of the game, she added.<\/p>\n<p>\u201cThat\u2019s relevant because so much of this disaster recovery is being able to know what these resources are and connect with them, whether it\u2019s for a reverse mortgage or other kinds of borrowers or homeowners.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>For communities engulfed in the wildfires that took place earlier this year in the Los Angeles area, lives have been upended and additional strain has been placed on an already-stressed housing system in Southern California. But for wildfire victims who are also reverse mortgage borrowers, they may encounter problems stemming from a major disaster interacting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-60046","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>California wildfire recovery event sought to offer guidance to reverse mortgage borrowers - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.trio-tv.com\/ru\/california-wildfire-recovery-event-sought-to-offer-guidance-to-reverse-mortgage-borrowers\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"California wildfire recovery event sought to offer guidance to reverse mortgage borrowers - Houses Marketplace\" \/>\n<meta property=\"og:description\" content=\"For communities engulfed in the wildfires that took place earlier this year in the Los Angeles area, lives have been upended and additional strain has been placed on an already-stressed housing system in Southern California. 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