The problem with reverse mortgages is not that you can be foreclosed upon, as stated above that can happen with any mortgage. The problem with the product is the high fee level that is charged. As long as people are competent when signing up for these products they are perfectly legal.
If you plan to move or can’t pay your taxes and insurance this is a bad product for you as you will be headed to foreclosure. Not sure if The Villages have volunteers who provide free financial advice, but getting some financial advice before using this product makes sense.
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