A different kind of loan shark reverse mortgage

No raise in SS means more seniors will be lured into reverse mortgages. Don't do it! With home values falling still, the basis of your reverse mortgage is ridiculously low.

With few homes being sold there are no decent comparisons to be found. With so many foreclosures on phony mortgages, what do the unscrupulous mtg brokers do? They make you pay killer fees up front and force you to have their buddies do inspections and (un)needed repairs, resulting in held back funds and a meager loan that may not even cover your real estate taxes next year!

These tricks are not mentioned on any website describing pros and cons of reverse mortgage. Beware! Sharks are out there!