Though Often Helpful, Reverse Mortgages Sometimes Abused
NOVEMBER 23, 1998 VOLUME 6, NUMBER 21 “Reverse mortgages” can be a wonderful tool for keeping a frail elder at home, or for making a home stay more comfortable. Like so many good things, they can also be abused. Typically, a reverse mortgage is a mechanism to permit a cash-short senior to liquidate a portion…