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Seniors Turn To Risky ‘Reverse’ Mortgages For Cash

Monday, September 10, 2012 - 7:29 AM
“Reverse mortgages have increased over the past five years. Many retirees, having experienced massive retirement income loss, due to the current state of the economy, have resulted to reverse mortgages as a financial refuge,” says J. Varney Barker, author of New Rules of Home Ownership for the 21st Century.
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