Additional Details I want to Thank each and everyone of you out there, I got 9 replys and there's one in the back of my mind, What is A Crab Theory? GOD BLESS YOU ALL....
I live in San Jose, CA and my new mortgage company say that I live in a flood zone, I've lived in my home since 1979 and never had flood insurance, my new mortgage company say that if I don'...
are all these websites genuine where they say u can make money by filling forms, taking surveys etc.
is there anyone who has really recieved money from such companies?
how can one check its ...
The debt relates to August 2004 and is for £1080. I know it is within 6 years so they legally are entitled to have it back. However the debt has been sold from Braclays to debt management agency who ...
that wants you to claim an inheritance from a deceased person with the same last name as you? It has to be a scam but I should I email back and ask for a phone number and some credentials. What ...
Your family tells you to stay and work for them. Your heart tells you to follow your passion and land your dream job. Given a choice, would you stay and help your family or would you go for your ...
It's called a reverse mortgage - usually only available to retired seniors.
http://www.reversemortgage.org/
Midwest guy
yes, many banks have a program called Reversed Mortgage. They pay you to live in your home if it is clear of debt. The bad thing is when you die, it becomes their property, no money is given to your survivors.
Mark J
sounds like a variant of equity release
MSMORTGAGE
Yes, its called renting. they make any profit you pay the rent.
wjvv
They do not buy your house. You still own it. It is called a reverse mortgage. You have to be a certain age to qualify for it.
rita_alabama
No, I've never heard of that.
If you can't afford your payments and may foreclose, then the bank may purchase your house from you so it doesn't go into foreclosure, but you will have to move out.
Hope this helps!
larry B
There is a program out there for the elderly, But I've heard it not a good way to go. Be very careful They are there to make a lot of money that kind of thing.
Steph j
There was an advert on TV the other night about a cmpany that did this. It buys your house, for a price much lower than market value and then you rent it off them.
I would be wary of these schemes, you would need to find out a lot more details and go over the small print with a fine tooth comb.
Les
Some insurance companies do that. They will buy your house and rent it back to you. Useful for retired people, but not so good if you are still only young.
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