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To: Governor Dinwiddie

> I believe most of them let you live in your home until you die <

But you gotta read the small print. There are instances where the reverse mortgage company can take your home before you die. Then as my late father would say, you are sh!t out of luck.

https://reverse.mortgage/lose-home


34 posted on 05/13/2025 5:13:21 PM PDT by Leaning Right (It’s morning in America. Again.)
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To: Leaning Right
Great link! Thanks! πŸ‘

I recommend that link to anyone who wants a Cliff's Notes overview of what's involved with reverse mortgages. I learned quite a bit.

49 posted on 05/13/2025 7:05:25 PM PDT by Governor Dinwiddie ( O give thanks unto the Lord, for He is gracious, and His mercy endures forever. β€” Psalm 106)
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To: Leaning Right
There are instances where the reverse mortgage company can take your home before you die.

If you fail to maintain the home, fail to pay property taxes, fail to keep up your homeowners insurance, or allow liens to be filed against the property, the bank can call the loan due and payable. That forces a sale or exposes you to foreclosure.

59 posted on 05/14/2025 11:12:33 AM PDT by JimRed (TERM LIMITS, NOW! Finish the damned WALL! TRUTH is the new HATE fSPEECH! )
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