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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Anyone know anything about REVERSE MORTGAGING? Is it a good plan for sr. citizens on fixed incomes?
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Poster Handle
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Anonymous Coward |
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Post Content
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My father is 72 yrs old and was offered the plan. I told him to take it. It sounds real good. He doesn't have to pay any mortgage while he is alive and gets some pocket money from the appraisal on the house. Is this a legitimate plan?
I need all the advice I can get. I hope i didn't steer him wrong into taking the deal.
Quoting: Anonymous Coward 717575Here is a very simple rule. In any dealings between you and a bank, they win, you lose. Best answer award. A bank offers you unsolicited help, expect to get fucked in the ass in the process somewhere along the way
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