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06-30-2010, 01:08 PM
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Isn't now a PERFECT time to take out a reverse
mortgage? FREE MONEY!!!? Okay, we know that the property values are about to crash, due to the banks' risky bets on Option Arm and Alt A mortgages. If you have a loan, based on the value, right now, then the property values crash, then the banks have to eat the cost!!! Isn't that great?The Option Arm and Alt A Market Crash, has NOT happened yet!!! Can you still rent a house out, while drawing a reverse mortgage on it???
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06-30-2010, 02:35 PM
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Yeah, that is great. However, you must understand the property values aren't going to stay down and the ARM's aren't going to have a huge impact like the 2007 bubble. So you're happy by this much:| --------------- |so when you should be happy this much:| - |
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