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Thread: reverse mortgages on the rise

  1. #31 | Top
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    Quote Originally Posted by Jack View Post
    Yeah. It's a tough decision.
    not for some

    For some like the very first obtainer of this type loan it was a life saver

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    Quote Originally Posted by CFM View Post
    That doesn't make you an idiot. People should be able to leave what they have to those of their own choosing without the government being able to tax it, often to the point that things have to be sold to pay the taxes.
    You can't get away from Property Taxes, but you CAN move to an area*with LOWER Property Taxes. Some Elderly continue to live in 2400 sq. ft. houses when they could easily sell and live in something half the size. Some Elderly continue to live in a high tax area when they could easily sell and move to a lower cost Property Tax area. The problem is, women outlive men, so women don't have much knowledge about what to do without male guidance (like in the case of evince), so they are easily taken advantage of by 'Banks'.

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  5. #34 | Top
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    hahahaha ... well ... I do love to fuck with evince. But, she probably lives in a larger house than she really needs, and she probably lives in a high tax area. She could easily sell her home and buy something somewhere else (maybe Arizona/New Mexico/Baja) and pocket a good chunk of change rather than make a bad deal with these shyster 'Reverse Home Mortgage' people. Course, without male guidance, she is completely lost and unable to think, so she is stuck like a deer in headlights.



    Quote Originally Posted by Threedee View Post
    Jack is on a roll!


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    Quote Originally Posted by Jack View Post
    Yes. Yes. I hadn't thought of that. evince could leave her home to the Homeless.
    Or at least a black person to atone for her privilege

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    Quote Originally Posted by Jack View Post
    I'm sure they are riddled with 'small print' to trick the oldsters out of everything they worked for their entire life. The perfect group to take advantage of.
    More or less. Knew a woman who got one on her 100% paid for house, used almost 100% of the money doing work on her Victorian money pit, and once she crossed 90, they were after her constantly to prove she was still alive and living in the house. She at least had the good manners to suffer a stroke about 6 months before her drop dead date and had to go into a nursing home permanently. They got her house basically for pennies on the dollar since she spent most of the money on it have the stained glass windows reworked and such. The only upside was that she was a spinster whose only living relative was older than her so there was really nobody family wise to get screwed.

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    Quote Originally Posted by Jack View Post
    1. I'm guessing people ban you from their threads because most of your replies contain insults, degrading comments, and/or unnecessary swear words.
    2. I believe the 'Reverse Mortgage Company' now becomes the 'Bank'. They value your Home at some ridiculous rate liken 60%. The Seniors piss away their Home, then end up living with the kids anyway.
    She is mostly banned because she is an idiot on steroids.

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    Quote Originally Posted by Jack View Post
    It's usually for old women that have no idea how to handle money or really care for their offspring.
    Then I guess they're doing a service for old ladies that have no idea how to handle money
    I actually know an old lady just like that. She's completely foolish, still pays rent on her lab that in her mind she still needs although she pissed away all her clients because of senility. Even a reverse mortgage company that takes advantage of her would be better than what she's doing to herself.
    Last edited by anonymoose; 09-20-2018 at 05:06 PM.

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  14. #39 | Top
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    Quote Originally Posted by Havana Moon View Post
    She is mostly banned because she is an idiot on steroids.
    She's an elderly lady, not that well, small touch of Dementia and early stage Alzheimer's ... I try to be delicate. It's called 'Being Polite', you should try it.

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    Quote Originally Posted by Jack View Post
    You can't get away from Property Taxes, but you CAN move to an area*with LOWER Property Taxes. Some Elderly continue to live in 2400 sq. ft. houses when they could easily sell and live in something half the size. Some Elderly continue to live in a high tax area when they could easily sell and move to a lower cost Property Tax area. The problem is, women outlive men, so women don't have much knowledge about what to do without male guidance (like in the case of evince), so they are easily taken advantage of by 'Banks'.
    Many of the reverse mortgages require that the property taxes be paid and the insurance be maintained. What it doesn't require is a payment. In that way it's much like a home equity loan.

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    Quote Originally Posted by CFM View Post
    Many of the reverse mortgages require that the property taxes be paid and the insurance be maintained. What it doesn't require is a payment. In that way it's much like a home equity loan.
    you can't reverse mortgage that apartment stupid

  17. #42 | Top
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    Quote Originally Posted by evince View Post
    https://www.huffingtonpost.com/micha..._10557262.html


    if you have home equity and you are retired it could be a good idea to help pay expenses while you live on SS

    Many more of the Baby boom are taking a look


    mmkay wack who banned me from your thread
    The bubble will burst again and the planet's most staunch free marketeers will once again demand socialism paid by the unsubstantial people and another societal redistribution of wealth to the aristocracy. Sure, the little people should have nothing left to leave their kids, that's the plan.

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    Quote Originally Posted by Havana Moon View Post
    She is mostly banned because she is an idiot on steroids.
    If that were the case you wouldn't be here at all.

  20. #44 | Top
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    Quote Originally Posted by evince View Post
    not for some

    For some like the very first obtainer of this type loan it was a life saver
    Sure, hock what you acquired over a lifetime of work/labor to the support a predatory economic system. Perhaps you can hock your dental fillings as well. Shit hole nation.

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