Re:If you sell a house these days, the buyer might be a pens...
by crazygringo on Wednesday June 09, 2021 @03:27PM
(#27452035)
You seem to have missed my original comment.
Any senior citizen who owns their home (mortgage all or mostly paid off) can take out whatever size mortgage necessary to pay property taxes. Since it's backed by the house's larger value itself.
Who's making them "flee their home"...? That would only happen if it's already mortgaged to the hilt, but then they're already on the verge of losing it anyways.
Any senior citizen who owns their home (mortgage all or mostly paid off) can take out whatever size mortgage necessary to pay property taxes. Since it's backed by the house's larger value itself.
Who's making them "flee their home"...? That would only happen if it's already mortgaged to the hilt, but then they're already on the verge of losing it anyways.