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greenmountaingal · 70-79, F
I have a friend who is quite happy with her reverse mortgage. But I have known others who were not.
The worst situation I've heard of was an older woman who was the only witness to a murder next door. The girl who did it (murdered her sister) threatened the woman so the woman was afraid to testify because she lived on a reverse mortgage. If the girl wasn't convicted, the woman would still have to live there next to a murderer.
If you wind up needing, or wanting, to move, reverse mortgages can be a problem.
The worst situation I've heard of was an older woman who was the only witness to a murder next door. The girl who did it (murdered her sister) threatened the woman so the woman was afraid to testify because she lived on a reverse mortgage. If the girl wasn't convicted, the woman would still have to live there next to a murderer.
If you wind up needing, or wanting, to move, reverse mortgages can be a problem.
NeuroticByNature · 41-45, F
Dont know much about it but it seems like a scam.
Isnt that a scam where they steal their houses?
Spoiledbrat · F
It's probably individual.