Talk of The Villages Florida - View Single Post - 15,000 Floridians with Reverse Mortgages Facing Foreclosure and Homelessness
Thread: 15,000 Floridians with Reverse Mortgages Facing Foreclosure and Homelessness
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Old 01-25-2021, 08:15 PM
Garywt Garywt is offline
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Quote:
Originally Posted by dewilson58 View Post
They lost their houses because they could not pay RE Taxes & Insurance, NOT because of a reverse mortgage. They would have lost their house without the RM and probably sooner.

I agree, you stop paying taxes for whatever reason your going to lose your house at some point.