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Charlotte Real Estate, Development, and Construction News: Mecklenburg Times > Columnists > Kass > On reverse mortgage, a last retort to ‘last resort’
On reverse mortgage, a last retort to ‘last resort’
DEAR BENNY: My wife read to me your comment on the options of the reverse mortgage. You seem to portray the reverse mortgage generally in a good light. I would just like to point out that the standard FHA-backed reverse mortgage has a "no recourse" clause in its description. As you are most likely aware, ...
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