Happy Birthday Tom

LTD.330 said:
Just saw that there is going be a mini Magnum PI reunion on Friday's Bluebloods. Larry Manetti who played Rick will be a guest star. Sadly, both Jonathan Hillerman and Roger Mosely have passed.
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It's not a true reunion without TC and Higgins :cool:
 
Just sayin.
 

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Sgrochow said:
Are there any situations that would make sense for someone to take out a reverse mortgage?
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Do not try to reason with Blue on this one, it is a waste of time. But the answer to your question is yes, my neighbor had one and was able to live in her home for many, many years until she passed. Bank ended up paying her way more than the home was worth.
 
My in-laws lived out their final years under a reverse mortgage. Seemed to work well for them.
 
OMG….. what the Phuck is wrong with you people?…… a reverse mortgage gives you half the value….. that’s it…. Who the Phuck thinks selling their house for half the value is a good idea?….. take out a second mortgage….. sell the phucking thing….. rent an apartment….. reverse mortgages should be against the law
 
Blueone said:
a reverse mortgage gives you half the value…..
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Check my math, but if they gave you full value how would they recover the cost of the loan? I have heard that older folks can run into trouble trying to get a new primary/secondary mortgage later in life. Especially if they haven’t saved sufficiently for retirement and have no liquid assets. Reverse mortgages are just a tool. It’s up to the person doing the loan to understand what they are signing up for. If they lack the competence to make these decisions then maybe it’s time they had some sort of conservator to protect them from all the predators out there.
 
unsalted said:
Check my math, but if they gave you full value how would they recover the cost of the loan? I have heard that older folks can run into trouble trying to get a new primary/secondary mortgage later in life. Especially if they haven’t saved sufficiently for retirement and have no liquid assets. Reverse mortgages are just a tool. It’s up to the person doing the loan to understand what they are signing up for. If they lack the competence to make these decisions then maybe it’s time they had some sort of conservator to protect them from all the predators out there.
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You have to be kidding me….. predators dupe people for profit….. you get that low life Tom Selleck dressed like a fucking teddy bear talking all nice to these old ladies and tell them how their life will be better….. he is nothing more then a con artist a low life snake……
And to your point about buyer beware …… why is the company paying Tom to do commercials….. Phuck Tom
 
Blueone said:
OMG….. what the Phuck is wrong with you people?…… a reverse mortgage gives you half the value….. that’s it…. Who the Phuck thinks selling their house for half the value is a good idea?….. take out a second mortgage….. sell the phucking thing….. rent an apartment….. reverse mortgages should be against the law
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If I could sell the house for full value and STILL get to live in it until I die without any payments, I'd be all over that.
 
Blueone said:
OMG….. what the Phuck is wrong with you people?…… a reverse mortgage gives you half the value….. that’s it…. Who the Phuck thinks selling their house for half the value is a good idea?….. take out a second mortgage….. sell the phucking thing….. rent an apartment….. reverse mortgages should be against the law
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That may be an option for you city folk, in this small town, housing market is not good, and if you do sell, there damn sure arent apartments everywhere for you to rent. Like I said, i agree for most people it probably is not a good financial idea, but there are instances where it is the best, possibly the only option.

EDIT: Tom Rocks!
 
Tripsdad said:
My wife watches Bluebloods but since following @Blueone the past few years all I can think of when I see him on TV is "Phuck Tom"! :)
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Love Bluebloods, especially the parts where tom talks old folks into getting a reverse mortgage by threatening to arrest them if they dont! Good stuff :rolleyes:
 
I was with dad the other day and laughing at a few comments. Then we got into the conversation of reverse mortgages. He wants to do it. Property was just valued at $550k. He was offered $390k. He said that would be a lot of fishing. I told him that is all good and dandy, but what about his kids when he dies. He looked me right in the eye, serious and said "fuck em, I'll be dead". Damn, thanks dad.
 
JHornsby3 said:
I was with dad the other day and laughing at a few comments. Then we got into the conversation of reverse mortgages. He wants to do it. Property was just valued at $550k. He was offered $390k. He said that would be a lot of fishing. I told him that is all good and dandy, but what about his kids when he dies. He looked me right in the eye, serious and said "fuck em, I'll be dead". Damn, thanks dad.
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Omg…… you guys are killing me

buy the house for a dollar….. takeout a second mortgage give him $200k….. which is still a lot of money for fishing…..and wait

stop giving away money to Phuck Tom
 
So, I didn't really look into these things until @Blueone had a mini-stroke about them. I don't know what company Tom Selleck rep'd but it seems that you still own the home just like a regular mortgage. You can sell and keep the difference between the selling price and mortgage balance. This is from AAG


a borrower can sell a home with a reverse mortgage at any time they choose, just like a traditional mortgage. When a borrower sells their home, they must repay the reverse mortgage loan balance and their lender will close their account. Borrowers then keep the remaining equity.

I don't get all the hubbub. :confused:
 
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