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How reverse mortgages cause financial cancer and emotional pain - OC Housing New


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2014 Sep 30, 11:00pm   920 views  4 comments

by golfplan18   ➕follow (1)   💰tip   ignore  

http://ochousingnews.com/blog/reverse-mortgages-cause-financial-cancer-emotional-pain/

Reverse mortgages eat homeowner equity through the power of compound interest working against the borrower, much like the growth of cancer cells.

Source: http://ochousingnews.com/blog/reverse-mortgages-cause-financial-cancer-emotional-pain/#ixzz3EtiwznlM

#housing

Comments 1 - 4 of 4        Search these comments

1   zzyzzx   2014 Oct 1, 2:00am  

If I were dictator, I would outlaw reverse mortgages.

2   Tenpoundbass   2014 Oct 1, 5:46am  

If I was 76, and some banker slick talked me into a reverse mortgage 15 years ago, when I was 61. While they made it sound like I would be set for life. But now I got a 30 day eviction notice from that bank.

Let's just say It's reasons like that, that I support gun rights.

3   marcus   2014 Oct 1, 1:36pm  

CaptainShuddup says

Let's just say It's reasons like that, that I support gun rights.

How about this guy ?

http://www.mlive.com/news/detroit/index.ssf/2014/09/doctor_pleads_guilty_to_orderi.html

4   Tenpoundbass   2014 Oct 2, 12:55am  

Now why on earth would I shoot the Golden Goose, that I was about to sue to lay a golden egg for me?

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