All Reverse Mortgage Benefits (outdated)

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The specialists at All Reverse Mortgage Company are passionate about seniors and their right to age with dignity in place. We believe that everyone deserves the right to use the equity in their homes to enrich their lives, (whether that be in the form of home improvement or fixing their homes to accommodate their changing lives) augmenting their retirement income, obtaining additional cash for medical needs, travel or for any other needs you may have. Whatever your needs are, you have spent a lifetime paying for your home to build equity and now it's time for your equity to pay for those needs for you.

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[eriksj76]

WRONG. This is disclosed to borrowers during the loan process. Reality check. If you get a reverse mortgage, and become debt free.. and have tax free income.. and you go into bankruptcy? You are a moron. If after 62 years, you make that mistake.. you shouldn't be alive anymore. There is no reason that you should go into bankruptcy AFTER an RM.

[Millardray]

Dooms Day Scenario - HUD regulations compell lenders to "call" the loan if, after you have the reverse mortgage, you fall into bankruptcy. So your property is no longer protected under your state's bankruptcy laws. So be careful if y ou have financial problems because neither nor the counsellors warn you about that BEFORE you take the reverse mtg.