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(9,909 posts)

15. Reverse mortgages were scam from Day 1

Thu Jun 13, 2019, 12:29 AM

Jun 2019

Sort of like the
Balloon payments on certain mortgage loans

Anything that sounds too good to be true

IT IS

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21 replies

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Highlight:

Seniors face foreclosure after being sold risk-free retirement with reverse mortgages [View all] Yo_Mama_Been_Loggin Jun 2019 OP

This is a serious issue. Wellstone ruled Jun 2019 #2

I did not mean to make light of it dflprincess Jun 2019 #3

Just because one recieves a check monthly Wellstone ruled Jun 2019 #4

I don't understand how this can be legal dflprincess Jun 2019 #5

Liz Warren warned the Nation as to what Wellstone ruled Jun 2019 #16

That's a pretty dumb assumption if they were paying it all along. dixiegrrrrl Jun 2019 #17

Another Regan problem hurled on Americans liberal N proud Jun 2019 #7

That would be a red light to me. calimary Jun 2019 #13

Yes, I remember those ads.. mountain grammy Jun 2019 #14

Yep. A neighbor lost her home, at 94, because of a reverse mortgage. SunSeeker Jun 2019 #6

There are some vile people out there Politicub Jun 2019 #8

You mean the Tom Selleck endorsed reverse mortgages by any chance? czarjak Jun 2019 #9

This is a very good, well-researched article. gristy Jun 2019 #10

If it sounds too good to be true, it probably is DeminPennswoods Jun 2019 #11

I was just going to say FAWK TOM SELLECK. a kennedy Jun 2019 #20

Reverse mortgages were scam from Day 1 benld74 Jun 2019 #15

Unfortunately, they got my neighbors home, well the State of Texas took it MagickMuffin Jun 2019 #18

It's worrying that people can make Codeine Jun 2019 #21