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alisande_gw

Pitfalls of reverse mortgages

alisande
10 years ago

In my area, daytime TV is flooded with commercials for reverse mortgages featuring seemingly trustworthy celebrities. We have a large retired population in NE PA, which is probably why so many of these commercials are run.

This article from yesterday's New York Times describes a nasty situation heirs can find themselves in.

Pitfalls of Reverse Mortgages

Also, here are links to other articles the paper has run on this subject, including how people with reverse mortgages can end up losing their homes.

Click here

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