Posted by LOU from Wi. on July 24, 2013 at 23:48:39 from (72.160.225.136):
First of all let it be known that I have little patience for those who propose to be intelligent and do gooders for humanity. Television is wearing mighty thin with commercials that shows folks smiling in wonder that products and help full information really works wonders . Reverse mortgage is one that really galls me. I guess it is successful or the networks and sponsors wouldn't keep it running every 25 min. It surely doesn't take a genius to figure that at age 62 or older, a life span is greatly diminished for most seniors . Having one take out the reverse Mortgage at that age is not a gamble, but a sure thing for the lending institutions to grab onto your property quickly. Say for instance , one has a house worth $200,000, then the reverse grants the home owner say $60,000 made in monthly payments (only) $800.00 a month, but the owner gets approved and the first check arrives, and then he/she drops dead. Guess who profits?It's all a dog and pony show when the actors appear on the commercial saying what a great deal it is to have money for things like vacations ect and no repayment required. What it fails to show is upkeep, taxes,and if your house is totaled by fire,tornadoes or acts of god, you have to repay what was extended to the home owner. How in the h--l can those actors look another human in the eye and lie so convincingly. Sure you get a C.d and information packet to help you decide, to have them get your property for next to nothing in the end. That phony lenders knows your at deaths door any minute and one foot on a banana peel down hill with a strong tail wind.Again if your poor or reached a financial crisis, your willing to sign over everything so you will have a place to live(for how long is any ones guess)if all goes well with health issues ect. I really have a GIANT DISLIKE for that commercial. I'm so glad My son owns our home. Done with the rant. Disgusted. LOU
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Today's Featured Article - On the Road with Dave Gohl: Auction Musings - by Dave Gohl. I was thinking the other day about all the auctions I've been to in the last few years. There've been many. Some have been very good, some have been well, disappointing to say the least. But no matter how good or bad auctions may be, we always seem to stay until the item we've come for or are interested in is on the block. I've been to some auctions near and far. I think the furthest has been the Two Cylinder 7 in the Amana Colonies last year. Lots of stuff, lots of people. I've also atten
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