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A truly sad situation.
1 posted on 03/25/2009 12:41:40 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

Any FReepers out there that are savvy about these reverse mortgages? Is this as bad an idea as I think it is?


2 posted on 03/25/2009 12:45:00 PM PDT by Hardastarboard (The Fairness Doctrine isn't about "Fairness" - it's about Doctrine.)
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To: 2ndDivisionVet
The average home value slipped from $449,200 in the first quarter of 2008 down to $412,627 for the fourth quarter.

You got to be kidding me!

3 posted on 03/25/2009 12:46:48 PM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: 2ndDivisionVet

I can’t believe that members of the “greatest generation” would fall for this insane idea. Only IF your health were compromised, and your time short, would these then be a “good” idea!


9 posted on 03/25/2009 12:55:21 PM PDT by GWMcClintock ("When the foundations are being destroyed, what can the righteous do?" Ps. 11:3)
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To: Hoosier Catholic Momma; CottonBall; TenthAmendmentChampion; Chickensoup; JDoutrider; ...

I don’t know enough about reverse mortgages to despise them yet, but debt is debt.

Dave Ramsey Fan Ping List.

If you would like to be added to the “Live like no one else, so that you can LIVE like no one else” list, feel free to Freepmail me.


14 posted on 03/25/2009 1:08:19 PM PDT by CSM (Smokers, the most patriotic of Americans!)
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