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greatauntoftriplets

(179,317 posts)

7. A former neighbor had one.

Reply to panader0 (Original post)

Sun Aug 10, 2014, 10:26 AM

Aug 2014

The income from it was good. The bad part was when the neighbor died and the family put the house on the market, it had to sell within a set time frame or revert to the bank. Unfortunately, this happened during a bad housing market, though the family sold just in time.

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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