My mom has a neighbor who’s husband died of a heart attack the reverse mortgage saved her from losing her home she has no house payment AND she continues to have her home I don’t think a reverse mortgage is a horrible thing!!!
Have to see how it goes. It’s a “loan”, whatever they call it.
I know someone thrown out of her home (with an RM) after her husband died. It’s going to depend on the specifics.
You can bank on the fact that there wouldn’t be Sharks and the FedGov in this, if there wasn’t boatloads of cash in it. The cash is coming from the property owned by these seniors.
My bet is that the seniors get pennies on the dollar to convert their house into food.