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Subject:  Reverse Mortgages Date:  7/5/2000  1:52 PM
Author:  nuts1 Number:  4391 of 21297

I feel that reverse mortgages can be a difficult concept. People should not become involved here unless there has been some good legal and financial advice. I recall that when I was a nurse in a large hospital, an intake person telling a patient's husband to consider a reverse mortgage to assist his wife to go into a nursing home. I do not know how this issue was resolved, however, the nurse/intake worker was dismissed from her position. If a person uses these monies, and they are used up, he then loses his home.
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