How about our POS president!!!
- Thread starter Blu Du
- Start date
Just got a bill from the city of $212.00 for mowing a relatives yard.
Here's the catch, it's a reverse mortgage HUD house, he's been dead for 3 years since May.
Think about it
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Reverse mortgage program in a nut shell
If you have ever dealt with a reverse mortgage you better have a damn good accountant and not rely on those offering it.
It's yet another way of ripping the older generation off because unfortunately most elderly believe the government is out to help them.
Example
This program or what ever you want to call it can be so bad that if one of the two passes away and if only the deceased is on the paper they will evict the living and put them in an assistant living, **** you not.
Reverse mortgage CAN WORK to the owners benefit. Yet another government program just waiting to be scammed.
The people that are the easy targets are the ones that live on an average income.
The program has people that peddle and help with the paper work, the fee can be the reverse payment if not all of it, that should be going back to the owners. The sails pitch is at least you no longer have a house payment anymore, or a lesser value then it should be, simple as pie.
They collect until the owner is deceased then they have an option to buy it from the bank for what's left of the value and flip it. No one knows better because no one ever sees the paper work.
Tom Selleck does a good job at selling this program.
These bastards don't play nice, dot your i's and cross your t's, sick sick bastards.
If you have ever dealt with a reverse mortgage you better have a damn good accountant and not rely on those offering it.
It's yet another way of ripping the older generation off because unfortunately most elderly believe the government is out to help them.
Example
This program or what ever you want to call it can be so bad that if one of the two passes away and if only the deceased is on the paper they will evict the living and put them in an assistant living, **** you not.
Reverse mortgage CAN WORK to the owners benefit. Yet another government program just waiting to be scammed.
The people that are the easy targets are the ones that live on an average income.
The program has people that peddle and help with the paper work, the fee can be the reverse payment if not all of it, that should be going back to the owners. The sails pitch is at least you no longer have a house payment anymore, or a lesser value then it should be, simple as pie.
They collect until the owner is deceased then they have an option to buy it from the bank for what's left of the value and flip it. No one knows better because no one ever sees the paper work.
Tom Selleck does a good job at selling this program.
These bastards don't play nice, dot your i's and cross your t's, sick sick bastards.
Read post #7,188 please, I can see where you thought I said that at post 7,186, but I didn't.
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