tag:blogger.com,1999:blog-278794854156483859.post4110896619039944918..comments2023-10-29T08:16:13.473-06:00Comments on Beyond the Consumer: Reverse MortgagesBeyond the Consumerhttp://www.blogger.com/profile/16880781143933380601noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-278794854156483859.post-25091667799893012622008-08-05T15:37:00.000-06:002008-08-05T15:37:00.000-06:00the bank does not take the home. if you move or di...the bank does not take the home. if you move or die the home goes to the heirs who can sell it and pay off the loan or re-mortgage it if they want the home. it can be taken if they just leave.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-278794854156483859.post-86242890434921061752007-11-01T19:15:00.000-06:002007-11-01T19:15:00.000-06:00Interesting. I thought such mortgages might work o...Interesting. I thought such mortgages might work ok for people with terminal diseases who knew they were going to die in the next 5-7 years or less.<BR/><BR/>But if prolonged absences can put it at risk, then it's a horrible option for them. Good to know.<BR/><BR/>(My mom has a terminal illness, but my dad's still alive so I wasn't going to recommend it to them anyway.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-278794854156483859.post-63898265526420746282007-06-28T14:58:00.000-06:002007-06-28T14:58:00.000-06:00Here's an even better source of information on rev...Here's an even better source of information on reverse mortgages:<BR/><BR/>http://www.ftc.gov/bcp/conline/pubs/homes/rms.shtmBeyond the Consumerhttps://www.blogger.com/profile/16880781143933380601noreply@blogger.comtag:blogger.com,1999:blog-278794854156483859.post-57807950192201979242007-06-28T14:27:00.000-06:002007-06-28T14:27:00.000-06:00The information in the article is from the bankrat...The information in the article is from the bankrate.com article. There is also more information here: http://www.reversemortgage.org/ as well as on other sites. Please let me know what information I have posted that is incorrect so I can correct or remove it.Beyond the Consumerhttps://www.blogger.com/profile/16880781143933380601noreply@blogger.comtag:blogger.com,1999:blog-278794854156483859.post-60871567134301957952007-06-28T14:11:00.000-06:002007-06-28T14:11:00.000-06:00You obviously do not know what you are talking abo...You obviously do not know what you are talking about for reverse mortgages. Suggest you get some facts before spreading incorrect information.Anonymousnoreply@blogger.com