Thread: Reverse Mortgages: Taxpayers on Hook for Billions of Dollars Every Year
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Old 01-29-2021, 10:49 PM
manaboutown manaboutown is offline
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Quote:
Originally Posted by EdFNJ View Post
As I wrote in a similar thread here a few days ago (15,000 Floridians with Reverse Mortgages Facing Foreclosure and Homelessness) a RM was a godsend for my father who passed away 3 years ago at 93. FANNIE has owned it since he passed but he made out like a bandit.



He was a WWII & Korea Navy Vet so the Feds (and by default taxpayers) owed him.
Well whoopeedo. Many taxpayers are vets and get screwed by picking up the tabs on RMs that go bad.
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