The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Crusader who wrote (42461)	9/28/2005 12:00:10 PM
From: TH	Read Replies (1) of 110194

Crusader, A friend only does reverse mortgages, and to my surprise, it is not easy to qualify for one. My friend ignores 99% of all appraisals, and sends his own people. He must use comps within 1 mile and no more than 1 year old. HIs business is BOOMING like never before. His phone rings non-stop, all day, every day. I was very surprised to learn that the government protects the (elderly) homeowner from the risk of the loan getting upside down. The entire reverse mortgage concept is predicated on real estate (on average) always going up. I guess at some point, you, me, and the other joe-taxpayer will be bailing out the mess from reverse mortgages too. GT TH

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next