General Discussion

CBGLuthier

(12,723 posts)

1. If you have a partner make sure both names are on the deed

Sun Aug 10, 2014, 10:14 AM

Aug 2014

Otherwise if the homeowner dies the survivor will have to sell the house and pay it back.

I think the whole damn thing is a scam to make banks richer but if you have needs I guess checking into them would not hurt but do proceed cautiously. Anything and I do mean anything that Fred Thompson endorses has to be a bad idea. Plus Reagan signed the law so that ought to tell you something.

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Does anyone know anything about reverse mortgages? [View all] panader0 Aug 2014 OP

If you have a partner make sure both names are on the deed CBGLuthier Aug 2014 #1

I Think They Are A Scam On Desperate People. TheMastersNemesis Aug 2014 #2

He is so F'en gross. I would never patronize anything thing that F'er is pushing! n/t RKP5637 Aug 2014 #5

Avoid it if you can. nt LittleBlue Aug 2014 #3

Per Wikipedia: Cooley Hurd Aug 2014 #4

You are sure your kids wouldn't want it? LOL...reverse mortgages are a scam, but the funny thing is snooper2 Aug 2014 #6

A former neighbor had one. greatauntoftriplets Aug 2014 #7

A reverse mortgage chervilant Aug 2014 #8

A tactic of the One Percent being used to transfer assets woo me with science Aug 2014 #9

Thanks all for the info. panader0 Aug 2014 #10

My mother had a reverse mortgage honeylady Aug 2014 #11

Fred Thompson likes them ... GeorgeGist Aug 2014 #12

But, but.The Fonz? panader0 Aug 2014 #14

I'm sure each case is different, but I know a mother and daughter who have the reverse onecent Aug 2014 #13

Yes REP Aug 2014 #15

Got one a year ago. It's worked out great. Tierra_y_Libertad Aug 2014 #16