http://www.forbes.com/sites/.../03/....ep-by-boomers/
....dang it...this link is not working....it gets defaulted in the translation or something....boo-hoo!
"The reality: there are rising defaults where homeowners can't keep up with their property taxes."
If you google "Leading edge baby boomers, age 62-64. Forbes" the first item should be the correct article in Forbes Magazine, March 19, 2012.
... an informative link included at the bottom of the Forbes article.....
http://www.hud.gov/buying/rvrsmort.cfm
I was told by the Meredith Village Savings reverse mortgage specialist that reverse mortgages are a HUD product that is limited to a maximum $625,000 and is based on the value of the house, and not on the land. Too, too bad that I do not just get property-taxed on the house exclusive of the small lot of waterfront land! .....
