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Old 11-19-2013, 08:08 AM
  #25  
jbj137
Super Member
 
Join Date: Dec 2009
Location: Duncan, SC, 29334 USA
Posts: 4,580
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Reverse Mortgages are the pits.

I have a friend who tried it.

If you have to leave your house for (hospital, rehab, nursing home, etc.) they
can sell the house.

If you cannot pay the taxes & insurance just 1 time,
they can sell the house.

When they say "As Long as you Live in the House" they mean it
leave for and extended period and you are HOMELESS.

It is Another scam just like Check Advancement Loans.

The same with the companies they will buy your
Timed Payment Payouts, they give only a very SMALL
portion of the amount you would have received in full.
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