Reverse Mortgage

[ob1quixote]

Something doesn't sound right about this. A true reverse mortgage doesn't work this way, unless the couple was relying on the monthly payments to pay their real estate taxes and lost the house to taxes. Also, no other assets would be tied to the reverse motgage. I suspect they had some other sort of equity loan.

Could be. The report I heard was 2nd hand news, if not further.

 

[ntsammy5]

just don't tie your kidneys to the loan or you're totally screwed..................

 

[ftwildernessguy]

just don't tie your kidneys to the loan or you're totally screwed..................

I only gamble with organs I have two of, and then I only bet one of them.