elder planning: Reverse Mortgage Nightmares
- 02/14/13 03:28 AM
I see famous people on TV now advertising reverse mortgages on a nationwide basis. I understand the idea of education and I see reverse mortgages as probably on the top of the list for "ripe for abuse"... My wife was sick pretty bad a few years ago, so we "went online" to see what other people had to say about their simililar situations. Everything we found was bad. Scary? Sure.. Then we realized that ONLY SICK PEOPLE WERE WRITING!!! There was some crazy adverse selection.. The sickest people also wrote the most. It's natural.. My question to you is: Does the … (2 comments)
I see famous people on TV now advertising reverse mortgages on a nationwide basis. I understand the idea of education and I see reverse mortgages as probably on the top of the list for "ripe for abuse"...
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