From: "bo peep" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Factoid on Retirement
Date: Fri, 13 Apr 2007 08:39:05 -0500
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On Apr 13, 2:57 am, "bowgus"  wrote:
> http://www.reversemortgage.org/
>
> Adios ... that's enuff about reverse mortgages for me

I confirmed my understanding of how this works, from the same website:

"The monthly advances continue for as long as you live in your home,
even if the total amount you receive exceeds the value of your home.
Despite this, you will never owe more than what the home is worth."

I don't understand your objection to this type of transaction - it
seems ideal for an older retired person of limited means. Can you
please go into more detail...