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LEFT WITH NOTHING
09-10-2013, 02:31 AM #16
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
http://www.aarp.org/money/credit-loans-d...lpful.html a reverse mortgage is a loan of last resort

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
09-10-2013, 04:14 AM #17
Softy Incognito Anonymous
 
Hi j browsing,

I agree,,,last resort,,,just a whole heck of alot

better than getting kicked out on the street,,,

and your house stolen,,,at least on a reverse mortgage

you can continue to live in the house,,,around here

they give you 3 years of not paying property tax,,,then

it gets auctioned,,,and sold on a quick claim deed,,,

best deal is to pay your taxes,,,of course,,,next is

borrow on the equity,,,assuming of course there is a

reason to keep the house forever,,,if not,,,then

reverse can make sense,,,and give cash to enjoy...

(:X
09-10-2013, 04:22 AM #18
Softy Incognito Anonymous
 
and on a reverse mortgage,,,since a bank is involved,,,

and has skin in the game,,,they will make sure taxes and

insurance get paid,,,even if you forget...

yay.gif

(:X
09-10-2013, 02:07 PM #19
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
yep they will send you reminders yay.gif and it is better than being kicked out on the street..i know some folks that have theses mortgages and it has so far worked fine for them.

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
Anonymous Kritter Show this Post
09-11-2013, 07:36 AM #20
Anonymous Kritter Incognito Anonymous
 
it's stories like this that have proven also why our economy is going to shït. You miss one payment get behind, forget to pay property tax or forget to pay something and then all those years, all that money invested in your home is gone, wasted to never get it back. This scheme from the bankers is what is demoralizing the citizens of this country and other like it! The only thing these days is to rent, why bother risking everything because of some bullshit banker scheme! Now that houses are in the 100,000, banks think it just dandy to go and take and ruin someone's life that has been giving the banks money with interest also, just so they can take it all away!!! Why that's how the corporate systems of America work, they don't care or give two shits at how much u have given them, they just want more and more..typical!
Anonymous Kritter Show this Post
09-11-2013, 07:42 AM #21
Anonymous Kritter Incognito Anonymous
 
i been complaining about this type of crooked backstabbing of your own americans for years, so it looks like the banks are subhuman in nature and could care less about a human being being thrown onto the street with dementia while the bank sits back and looks for the next victim, that's all we are in the world to TPTB, we are all just victims waiting to get lynched!!!
Nice feeling they give us all, isn't it???
Anonymous Kritter Show this Post
09-11-2013, 07:48 AM #22
Anonymous Kritter Incognito Anonymous
 
i remember when i purposely take loans out from a bookie to see if they would kill me back when i was suicidal, but somehow since our privacy has been invaded, my mother somehow always knew something was up and would save my life by giving me the money to pay the bookie! That was another part of when i knew my privacy was being invaded, which me growing up in the military and if i felt any type of invasion as i always do, then it ould make me suicidal because i then have constant ongoing thoughts of just who, when , where and how is it being invaded and what can i do to make it end? End myself or find some other way to attack whatever like to ğck with me all the time!! Know what i mean?



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