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The Water Cooler
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Reverse Mortgages
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<blockquote data-quote="Shadowrider" data-source="post: 1328414" data-attributes="member: 3099"><p>Well that makes sense. I can see the estate being liable, but in these days and times I would not be surprised in the least if they went after the heirs to get their money. Mortgage companies can be like credit card companies and the IRS these days.</p><p></p><p>And yes, I'm wondering if a home is owned by a Trust free and clear what they would do. Probably attach the lien to the whole Trust? Dunno....</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 1328414, member: 3099"] Well that makes sense. I can see the estate being liable, but in these days and times I would not be surprised in the least if they went after the heirs to get their money. Mortgage companies can be like credit card companies and the IRS these days. And yes, I'm wondering if a home is owned by a Trust free and clear what they would do. Probably attach the lien to the whole Trust? Dunno.... [/QUOTE]
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