Talk of The Villages Florida - View Single Post - Run Down Reverse Mortgage Houses
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Old 06-07-2013, 07:05 AM
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For homes that have a reverse mortgage, when the owner dies the property reverts to the bank that extended the reverse mortgage. If that is really the case, I wonder if the banks don't have more than they can handle. Whomever is responsible, it is bad advertising for TV to have this situation. Makes you wonder what areas are next.
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