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
View Single Post
 
Old 01-26-2021, 06:35 AM
Miriam2940 Miriam2940 is offline
Member
Join Date: Jul 2012
Posts: 58
Thanks: 56
Thanked 59 Times in 24 Posts
Default
I have a reverse mortgage and this article confuses me. I don’t believe a reverse mortgage adds any more debt than a regular mortgage and I don’t have monthly mortgage payments to worry about. If people’s homes are going into foreclosure it’s because they can’t pay their bills but not because of a reverse mortgage. Everyone in this country is hurting and seniors are no exception.