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Has your “gut feel” been telling you for some time that something just doesn’t smell right about reverse mortgages? If so, here’s confirmation that it’s a lot worse:http://www.nakedcapitalism.com/2014/03/banks-fleece-heirs-reverse-mortgages.html
If you get involved in such a house, Jackie offered this suggestion:
“Buying a remainder interest is much better,
but you need to get the heirs involved in the decision.”.
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