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Reverse Mortgages [View all]
Someone suggested a reverse mortgage as an option for my friend who can no longer afford her home - mortgage payments, insurance, maintenance, etc on her Soc. Sec. checks. I'm wondering if it is an idea that I should pass on to her.
She still owes on her home (not sure how much). Does a reverse mortgage make sense in that situation ? Is it better than letting the house go into foreclosure ?
4 replies
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= new reply since forum marked as read