This company called the consumer repeatedly asking for more and more information including his bank statements, his Social Security number etc. All of this info was provided by the consumer in hopes of getting a reverse mortgage on his home. They told him to stop paying his mortgage, and assured him they could loan him the money for all of the equity in his home. He stopped paying and is now currently a month or two behind in payments. The business told him that he wasn't approved and that they would call back in a few months or so to see if they could help him then.
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Type of a scam Identity Theft