reverse mortgage
Question: On the house, she kept borrowing against the equity, so I guess the laws are >different than they are for a straight mortgage. >Lee
Nope. A reverse mortgage is a perfectly legitimate method for seniors to obtain more money to live on or whatever. The equity in her house was hers and she had the attitude that she should enjoy it. It’s apparent that she derived pleasure in racking up those bills and I have no doubt she enjoyed it. Good for her because she tried to die broke which is now considered the American way. I’m going to give it a try to which means if at all possible, I’ll spend my last dollar on my last day. Take joy in the obvious fact that you mother enjoyed buying things believing it wouldn’t hurt you. Take it that way because she owed you nothing.
Answer: Oh, I couldn’t agree more. Seriously. My parents provided for me with my education (thank god Elaine seems to have disappeared). I was really concerned that my mom would have to go to a nursing home if she got to ever leave the hospital. I didn’t know how in the world we would pay for that. And believe me, my mother enjoyed buying things. 2 weeks before she died, she had an aide wheel her down to the gift shop at the hospital and when I went to see her later that day, she told me to go down there and pay them. She bought $30 worth of knick-knacks. Thank god she never saw the gift shop at the large hospital where she ended up. Mostly she bought crap at Wal-Mart. Lee *anybody need any romance novels? I now possess about a million
Related Posts
Filed under: Home Equity Loan
Leave a Comment
XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
TrackBack URL | RSS feed for comments on this post.