Agent

‘House-rich’ homeowner shouldn’t take daughter’s advice

Does reverse mortgage allow bank to gain control of house?
Published on Aug 22, 2006

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by CareyBot

DEAR BOB: I am retired, age 72, and in relatively good health. But I am “house rich and cash poor,” as you often mention. I’ve been looking into a reverse mortgage to improve my income. Also, my house needs a ...

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