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It seems like people whose properties are worth much more than their incomes should be able to reverse-mortgage their property to pay the taxes. Why does that n
by ajkjk 8y ago
It seems like people whose properties are worth much more than their incomes should be able to reverse-mortgage their property to pay the taxes. Why does that not work?
- emeraldd 8y agoAt the end of it you lose the property, which means there's nothing to pass on. Also, there's the potential that the person in question is young enough that the situation could cost them their home before they are ready to leave it.