Dear GS: I can't wait to watch you suffer miserably by the hands of your own brethen. And as you beg for mercy, for a crumb, I tell you of course I will help you. And then I will ask what is it with what you will pay me? Seriously, I will enjoy it. It's by your own alziness you will perish. By your own lack of ability to do anything other than bitch and moan. By your need from those who produce to your parasitic self. No, I have no pity, nor will I have any charity toward you. You who would not even help yourself.
Apparently, our annoymous cretin hasn't noticed all the Commiewood comrads who get paid millions to do commercials. Or, do they give it all away to "the workers".
Why a scam? You don't get something for nothing. You are drawing down the equity in your home that you've built over your lifetime until you have nothing left. Then the creditor owns your home, not your children. What happens whenyou suck all the equity out? and who is left holding the bag?
So why is that a scam? There are many elderly people who have owned their homes for decades, but because they live on fixed incomes, cannot afford to do necessary, and in some case, badly needed repairs to those homes.
A reverse mortgage is often a viable option, rather than letting the property fall into disrepair. Rather than waiting to sell their home and (hopefully) getting some cash, they get the cash when it's really needed. Also, it allows people to keep their home rather than being forced to sell because they cannot afford the upkeep. The children? If by that point they are not capable of standing on their own feet selling off their parents home isn't going to help them.
OK, BUT, you, the original mortgage holder, live in the house until you d-i-e, AND anyone, not an original mortgage holder, who is living there as a permanent resident, can live there 365 days after the death of the original mortgage holder.
It's not a scam, it's a gamble. The bank is betting you'll sign today, die tomorrow. You're betting you'll sign today and live 40 more years for free!!
And anyone's "kids" who think THEY deserve what mom and dad built up, as opposed to mom and dad doing with it as they damned well please, should be ashamed. My mother is in just this situation. She's 80, in great health and she was short of money. It was reverse it or leave her home.
It's the smae thing as sub-prime mortgage swindle. The banks will end up with toxic assets. The banks offer pennies on the dollar to the old folks and they are left with tax and other bills. I suggest you sell the home, and move into either a smaller house or rental if you need the cash, that you can afford
Anon, just WHO is buying houses now? You can't sell your house, in a bad economy, when housing prices are in a slump. And the banks are giving market value on the reverse mortgages , post an appraisal by an independent appraiser.
There is no pennies "on the dollar" kind of crap going on. And it's NOT a toxic asset if no one gets beat out of money and there's no foreclosure.
What market value? an appraiser? If no one is buying, the market vale is ZERO. Therefore, the banks are buying toxic assets. Can you say bailout? or bank failure? either way we lose.
16 comments:
Like all conservatives, he'll do anything for a buck.
Most conservatives I've met would eat their mothers if they thought they'd shit money.
Gomer-Shpos: I truly enjoy your intellect. And I'm certain you enjoy taking it up the ass even moreso.
Dear GS: I can't wait to watch you suffer miserably by the hands of your own brethen. And as you beg for mercy, for a crumb, I tell you of course I will help you. And then I will ask what is it with what you will pay me? Seriously, I will enjoy it. It's by your own alziness you will perish. By your own lack of ability to do anything other than bitch and moan. By your need from those who produce to your parasitic self. No, I have no pity, nor will I have any charity toward you. You who would not even help yourself.
OOOOKKKK,
I'll bite, why scam?
Next thing you know the 6 million dolla man will be hawking hearing aidz
Apparently, our annoymous cretin hasn't noticed all the Commiewood comrads who get paid millions to do commercials. Or, do they give it all away to "the workers".
Below is some helpful advice on how to best help the U.S. Economy by spending your stimulus check wisely:
* If you spend the stimulus money at Wal-Mart, the money will go to China or Sri Lanka.
* If you spend it on gasoline, your money will go to the Arabs.
* If you purchase a computer, it will go to India , Taiwan or China.
* If you purchase fruit and vegetables, it will go to Mexico, Honduras and Guatemala.
* If you buy an efficient car, it will go to Japan or Korea.
* If you purchase useless stuff, it will go to Taiwan.
* If you pay your credit cards off, or buy stock, it will go to management bonuses and they will hide it offshore.
Instead, keep the money in America by:
1) Spending it at yard sales, or
2) Going to ball games, or
3) Spending it on prostitutes, or
4) Beer or
5) Tattoos.
(These are the only American businesses still operating in the U.S. )
Why a scam? You don't get something for nothing. You are drawing down the equity in your home that you've built over your lifetime until you have nothing left. Then the creditor owns your home, not your children. What happens whenyou suck all the equity out? and who is left holding the bag?
So why is that a scam? There are many elderly people who have owned their homes for decades, but because they live on fixed incomes, cannot afford to do necessary, and in some case, badly needed repairs to those homes.
A reverse mortgage is often a viable option, rather than letting the property fall into disrepair. Rather than waiting to sell their home and (hopefully) getting some cash, they get the cash when it's really needed. Also, it allows people to keep their home rather than being forced to sell because they cannot afford the upkeep. The children? If by that point they are not capable of standing on their own feet selling off their parents home isn't going to help them.
OK, BUT, you, the original mortgage holder, live in the house until you d-i-e, AND anyone, not an original mortgage holder, who is living there as a permanent resident, can live there 365 days after the death of the original mortgage holder.
It's not a scam, it's a gamble. The bank is betting you'll sign today, die tomorrow. You're betting you'll sign today and live 40 more years for free!!
And anyone's "kids" who think THEY deserve what mom and dad built up, as opposed to mom and dad doing with it as they damned well please, should be ashamed. My mother is in just this situation. She's 80, in great health and she was short of money. It was reverse it or leave her home.
and guess who has to pay for it.
It's the smae thing as sub-prime mortgage swindle. The banks will end up with toxic assets. The banks offer pennies on the dollar to the old folks and they are left with tax and other bills. I suggest you sell the home, and move into either a smaller house or rental if you need the cash, that you can afford
Hey Gomer-Shpos- click my name
Anon,
just WHO is buying houses now? You can't sell your house, in a bad economy, when housing prices are in a slump. And the banks are giving market value on the reverse mortgages , post an appraisal by an independent appraiser.
There is no pennies "on the dollar" kind of crap going on. And it's NOT a toxic asset if no one gets beat out of money and there's no foreclosure.
Where did you get your information, the NYT?
Ya could go out and buy a nice Ruger Blackhawk and send the money to Arizona.
What market value? an appraiser? If no one is buying, the market vale is ZERO. Therefore, the banks are buying toxic assets. Can you say bailout? or bank failure? either way we lose.
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