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Pastimes : Is a Real Estate Downturn Coming?
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To: jonathan romanowsky who wrote (79)12/4/2001 3:05:07 PM
From: Tadsamillionaire   of 91
 
Why not option the current price of the home, or do a reverse mortgage at current value.???
The bad part of this is that if Realestate continues to increase over the next 5 years, you have sold the option of future value. If you do a reverse mortgage ,set up with a bank or Real estate investment firm, you must be prepared to move at the specified time.JMHO.
Check with a good Tax consultant, or your bank.
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