“Equity Ninjas” Marketing Reverse Mortgages As Government Offering

"We’re positioning ourselves as equity ninjas. We’re going where the markets are going."

Darius Mirshahzadeh – Owner of Twin Capital Mortgage
Twin Capital Mortgage: Duo doubled revenue in one year

Unfortunately, they’ve landed in the reverse mortgage business.  ABC 7 in San Francisco aired a feature over the weekend about letters that local residents are receiving which appear to be from the government offering loans, in this case reverse mortgages.

ABC 7 On Your Side spoke with a woman who received a letter in the mail with a government logo at the top and in bold letters the words, "government sponsored program." Then it says, "This special senior program is administrated by the U.S. Department of Housing and Urban Development."

But at the very bottom of the page, in print so small the vast majority of seniors could never read without magnification, it reads, "This offer is a private service and is not being made by an agency of the government."

The reporter goes to the private address and finds Twin Capital Mortgage.  When approached by the camera crew, employees are obviously nervous and refuse to speak with ABC 7.  The reporter is able to speak with one of the owners… this is an eye opening video, everyone needs to see.   

Marketing ploy disguised as government offer

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