Hey, remember those reverse mortgages?
JVS
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Dec-31-08 12:01 AM
Original message |
| Hey, remember those reverse mortgages? |
|
Who won out on those? I'm thinking that this was bad for the banks considering that the housing market has declined. Did they buy high?
|
| skorpo
(300 posts)
Send PM |
Profile |
Ignore
|
Wed Dec-31-08 12:31 AM
Response to Original message |
| 1. There used to be lots of adds on late night tv... |
|
I haven't seen any lately. Guess they're not going so well for the lenders.
|
| Adsos Letter
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Dec-31-08 12:43 AM
Response to Original message |
| 2. I just saw something advertised on TeeVee today... |
|
that may have been a reverse mortgage...it was marketed to people "over 62" with equity in their homes. Not sure if that is the same thing...
|
| Idealism
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Dec-31-08 12:57 AM
Response to Original message |
| 3. The terms of most of the reverse mortgages were tweaked |
|
to add in depreciation clauses in many cases (at least in the ones made after the 2nd quarter of 2006).
|
| BeatleBoot
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Dec-31-08 01:10 AM
Response to Original message |
|
Robert Wagner is alive and well with his advertisement on TV asking the elderly to sign up.
|
DU
AdBot (1000+ posts)     |
Thu Dec 26th 2024, 06:28 PM
Response to Original message |
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.
Printer-friendly format
Email this thread to a friend
Bookmark this thread
