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    Reverse Mortgage Dangers
    Reverse Mortgage Dangers
    Reverse Mortgage Dangers
    Ebook63 pages43 minutes

    Reverse Mortgage Dangers

    By Jim Anderson

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    About this ebook

    Licensed Loan Originator Jim Anderson has participated directly in the reverse mortgage industry hands-on for over ten years and come to some very startling conclusions. Risking his career to help seniors to avoid making a very costly mistake, he has written Reverse Mortgage Dangers. in an effort to warn seniors. Seldom are senior citizens given all of the possible negative implications of this “free no-risk money”, and of the many pitfalls they must seriously consider before committing to a Reverse Mortgage. “Sometimes a reverse mortgage is a good idea, but most often it is not”, declares Anderson. He explains to senior citizens the pros, cons, pitfalls, drawbacks and disadvantages of this poorly-understood financial instrument. This unique book explains the many problems of this highly-touted “safe and secure free seniors’ money” , and covers scams and frauds and many other problems. Is a reverse mortgage ever a good idea? What facts must a senior learn? Is it a banking scheme or a government blessing? This unique fact-filled book has all the answers.

    LanguageEnglish
    PublisherJames B Anderson
    Release dateJun 13, 2012
    ISBN9781893257504
    Reverse Mortgage Dangers
    Author

    Jim Anderson

    J Jim Anderson is Visiting Research Fellow in the Department of Educational Studies at Goldsmiths, University of London. His work focuses on: theories and methods of second language learning and bilingualism, including Content and Language Integrated Learning (CLIL); multilingualism and new literacies; and language policy. Underlying this is a commitment to an integrated and inclusive approach to language and literacy education incorporating the areas of foreign and community/heritage language learning as well as English as an Additional Language and English mother tongue. Jim is co-director with Dr Vicky Macleroy of the Critical Connections: Multilingual Digital Storytelling Project launched in 2012.

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    • 5/5
      Read this BEFORE you decide on getting a reverse mortgage

    Book preview

    Reverse Mortgage Dangers - Jim Anderson

    Reverse Mortgage Dangers

    The Pros, Cons, Drawbacks, Downside & Disadvantages

    (I’m NOT From the Government, and I Really AM Here to Help You!)

    By Jim Anderson

    Smashwords Edition

    ISBN: 978-1-893257-50-4

    FIRST EDITION

    ~~~

    Smashwords Edition, License Notes

    This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

    Copyright © 2012 Lions Pride Publishing Co., LLC

    All rights domestic and international reserved. No part of this ebook may be reproduced or transmitted in any form whatsoever, electronic, or mechanical, including photocopying, recording, or by any informational storage or retrieval system without express written, dated and signed permission from the authors.

    Every effort has been made to make this book as complete and accurate as possible. However, there may be mistakes in typography or content. Also, this book contains information on Reverse Mortgages only up to the publishing date. Therefore this document should be used as a guide only – not as a definitive source of Reverse Mortgage information.

    This book is for information purposes only and does not impart legal, accounting, financial or any other form of business advice to readers who must consult their own professional advisors before taking action of any kind related to a Reverse Mortgage.

    The author and publisher do not warrant that the information contained in this report is fully complete and shall not be responsible for any errors or omissions. The author and publisher shall have neither liability nor responsibility to any person or entity with respect to any loss or damage caused or alleged to be caused directly or indirectly by this report.

    Table of Contents

    FORWARD

    1. THE ADVERTISED ADVANTAGES

    2. THE BANK

    3. THE LOAN ORIGINATORS

    4. QUALIFYING

    5. COUNSELING

    6. WHY LISTEN TO ME?

    7. SO WHAT’S THE CATCH?

    8. YOUR ENEMY THE APPRAISER

    9. YOUR FUTURE IN YOUR HOME

    10. THE LOAN ORIGINATOR REVISITED

    11. THE LOAN APPLICATION

    12. THE PSYCHOLOGY OF MORTGAGES

    13. TAX IMPLICATIONS

    14. YOUR HEIRS - VULTURES OR SUPPORTERS

    15. HOW TO LOSE YOUR HOME - REPAIRS

    16. HOW TO LOSE YOUR HOME - INSURANCE

    17. HOW TO LOSE YOUR HOME - TAXES

    18. CAN YOU MANAGE MONEY?

    19. YOUR CREDIT MATTERS

    20. MORTGAGE CANCELLATION?

    21. THE REAL COST

    22. THE LEGAL TITLE TO YOUR HOME

    23. WILLS AND TRUSTS

    24. PROBATE

    25. GOVERNMENT BENEFITS

    26. IS A REVERSE MORTGAGE EVER OK?

    27. SCAMS AND IRREGULARITIES

    28. CONCLUSIONS

    ABOUT THE AUTHOR

    FORWARD

    Reverse Mortgage ads can be seen day and night on TV. One or another popular and believable personality, such as Fred Thompson and Robert Wagner, is paid to extoll the virtues of this poorly-understood and overly-hyped financial vehicle.

    Simply call the phone number on your TV screen, receive a CD in the mail, be contacted by a Reverse Mortgage Expert, and decide for yourself whether a Reverse Mortgage is right for you. Nothing to it, right? Wrong.

    Sales-terms, used liberally throughout the ads, such as: safe, effective, government-insured, tax-free cash, and …an easy first step toward enjoying life more fully, can all be very appealing.

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