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Audrey Said:
What's the deal with Reverse Mortgages?We Answered:
These are now the new best way to screw your kids of their inheritance. Basically a reverse mortgage allows you to sell your house to a lending institution that will then make payments to you until you die. They will also allow you to continue living in the house. So it is a way for someone to claim some of the equity from their house.People using their houses like ATM Machines is one reason the country is in such a financial crisis today.