COLLEGE STATION, Texas (KBTX/Gray News) – Retirement is typically a time of relaxation, assuming you have enough savings to live comfortably. Unfortunately, things don’t always go as planned.

Some seniors turn to reverse mortgages, loans that allow homeowners who are at least 62 years old to withdraw some of their home equity and convert it into cash.

While it can be a useful loan for many seniors, one College Station resident almost lost her home after her mortgage company claimed she had failed to fulfill all the requirements of her reverse mortgage.

Mamie Ellis believed that she had fulfilled the obligations of her reverse mortgage when she maintained her home insurance and paid her taxes on time, but her mortgage lender disagreed, foreclosed and sold her home at auction.

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