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Reverse Mortgage Massive Increase Globally! Huge Fraud and Scams Revealed (Video)

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by N.Morgan

We’ve all seen those commercials on TV directed at the elderly to do a reverse mortgage so they can relax for the rest of their days but are these mortgages scams?

The subprime crisis taught the world, particularly those in the U.S, the dangers of gambling with real estate.

They pushed it to the absolute maximum and it destroyed many people along the way. This was called out by some, but for the most part, all of the behavior was encouraged and condoned.

 

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Today, there are many factors surrounding the housing market which are very dangerous. The reverse mortgage is just one piece of the puzzle.

In the video below, The Money GPS uncovers the truth about reverse mortgages.

References:

The Money GPS

https://goo.gl/YpU9nm

Stories Contributed by N. Morgan

 

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    Total 2 comments
    • wheeties

      in the usa using home equity is off 44 percent compared to the high of 2009 but over all bad loans,cars,student loans,etc. is thru the roof on slow or no pay…

    • Slimey

      Hello Angle#3,

      Charlie here. Huh? This guy is just a scaremonger. I watched the video and there was nothing of merit. I even read some of the materials he pointed at.

      There is nothing there except more advertisement for Reverse Mortgages. All the people he recommend endorse RM’s with certain caveats that anyone should know about.

      Don’t get this article.

      Signed,

      Charlie (confused about doughnuts? Gimme a call at 1-800-EAT DOUGHNUTS) :lol: :lol:

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