Reverse Mortgage

and what would cause you to lose your home from having a reverse mortgage? ty

I heard when you die, the bank keeps your house and then you can’t leave it to your family.

My mother and I own a home, if she dies first being older and I live in the home too, older me, will I be able to continue living in the home when she dies or do I have to move and sell the home? This is regarding the reverse mortgage policy

i need to have my stepfather qualify for IHSS so that i can take care of him at home. i know you cant have a large income but he got a reverse mortgage to pay bills he lives off his social security which does not go far

I have an 82 year old friend who is facing foreclosure because he is behind on his payments. Unfortunately, I do not know the details. He will probably be homeless. Reverse mortgage is out because he does not have enough equity in the home. He has lived there for many years and took out a mortgage (not sure if it was a second) to help finance his business. Any suggestions as to what he can do? He claims that his accountant says that there is nothing he can do and to expect foreclosure.

I’m looking to talk to someone who is an expert in reverse mortgages and foreclosures.

real estate the federal government owns and use it as a way to solve the financial crisis they had last month?
*and became president

BQ: Any bad things about getting one?

consider a reverse mortgage instead of a arm. instead of forclosure next week, the broker who arrnged the loan gained her trust helped her with finacial advice taught her online banking, a fidicuary relationship with intent to mislead her into using all 450,000.00 for his gain, said if she let him take the money and put it in to his company with a prommisary note w/balloon payment,in return he will pay her 5.000. interest, which he did for awhile then skipped payments then made payments that then said loan payment on receipts, ( iy is interest only note) and now cant pay anything he lost it all says so sorry your first in line when economy is better. her mortgage payment has gone from appox 1,670.00 to 3,775.00 a month, by the way he made the note with no collateral, she was financialy stressed due to my fathers stroke which lefft him with aphasia, hes paralized on one side and can no longer speak, she is an elderly women who was under diress from all the medical bills, she assumed her agreement with him was a type of investment of her money, i said where is the portfolio of your investment and she said ill ask him,to find out it was a loan1 she let go of the a.m. caregiver, tomakeup the extra money needed for new amont on her loan myself and my boyfriend are doing the caregiving duties now, but with out the 5,000.00 she cant pay them at all. by advice of a new person advising her, she is not responding to letters and calls from bank and is 4 months behind. i think they want to short sale(thenew advisor) telling her there trying to find a way to help , and maybe they will say after sorry we tried, but nothing can be done, this guy say i fell for her situation and need no money to help her just like the broker did. sept 2 is when the forclosure begins, any advice on what shecan do, should she explain all this to bank, cant she live here untill death then they have the house, and we could go after the broker for that other situation. i feel talking to bank asap might help, please someone advise us. she has been hospitalized twice this month and have lost time to figure what to do, is an extention on the forclosure a maybe? thank you for any suggestions sincerely susan