“Revenge” Mortgages

Wow, is the “Reverse Mortgage” the next wall that will come tumbling down and aggravate some more unwanted negative publicity upon this nation's hope for economic recovery and a smiling future? Look how long the “Housing” fiasco has held this country hostage, when “Adjustable Mortgages” threw homeowners to the wolves and brought homelessness back by popular demand, from sea to shining sea. And just when it appears that things may be starting to once again pick up steam, is the “Reverse” bubble just another trap door waiting for that opportunity to take advantage upon the tired and huddle masses that thought out-of-desperation that it was an option to keep that dream alive? Yes, many of our elderly that lost a great percentage of their retirement in the “crash” had to resort to other means to survive - as the donut hole was starting to act like a Monica Brzezinski suck job - and the opportunist saw fit to introduce this “Reverse Equity” scam. “Reverse Equity” seems un-Constitutional and that is what this new deal orchestrated from Wall Street is all about. Yes, the “Wall” is behind it all, good or bad. Look, in the “Hi-tech” bubble bust and the “Housing” bubble bust, the money lost by many good and hard-working Americans – those that had investments as part of that retirement plan – loot totaling into the $billions$ just didn't get burned at the stake. NO, it ended up in someones else's wardrobe closet, in that leopard skin pill box hat! During those hard-hit times, how come there came more self-made billionaires of record? We have become a Texas show-down shoot it out bank heist society. Wherein cops & robbers takes on a entirely different flavor. No not that masked man, but the guy with the pin-striped suit and $2000 tie. What I am getting at, many of those mansions on the hill in those gated communities, that wealth is affiliated with the bank robberies. In this case, the banks robbed of the hard working capital belonging to true American. And here we go again, as Wall Street has found that there is still blood in that turnip. Yes, we are in a situation here in America wherein the “God of Greed” is restless, wants more, and until such time this tyrant thrives not, this nation will remain on the brink of an Economic-Armegedeon. We cannot have it both ways, this is not a nation ever built strong on the have and have not, as some semblance of distribution of the wealth squanders an existence this land of opportunity and today we see a confiscating of the wealth as a determent to success. I have researched this “Reverse Mortgage” scam yes it is, but why listen to me, as my claim to fame is that of a hard working salt-of-the-earth pipeline worker from Alaska. You could instead take Fred Thompson's advice over mine on the merits of this “Reverse Equity” gadget designed to make you so, so happy, as Fred was a United States Senator, movie actor, so who do you really want to trust? I have an approval rating of 100%, just ask my kids. Congress, an approval rating of how low....well we all know a ship wreck when we see one and Fred was part of that institute when all hell broke loose and since then, what Congress? Yes, Fred was on board when America was forced to walk the plank of no return. So that fine print the Reverse Mortgage swindlers tried in vain to get me to sign “right now”, when I went undercover with the name of S. Pam MaGee – in honor of Alaska's Sam MaGee, or ghost of – well that fine print cannot be interpreted by some elderly interested in a bailout. It is designed for just that reason – to confuse. See, they try to trick and scare you into signing off as a single “pacemaker” home owner – sure your wife can stay home, we just need a single signature. Fine and good, except if the signer with no co-signer dies off, well one of the requirements to keep ownership is the fact that the signer must reside in the house or else. So when you die, your wife is escorted off to some crappy nursing home and becomes a ward of the state. Why, because there are all these hidden traps - the revenge factor - hidden costs associated with the RM, so Fred & Company place a lien on your liberty, your dream is liened upon and eventually the property is confiscated, to pay for legal fees – the ones that you agreed upon in that fine print! Look, these outfits offering a piece of mind, they are not in the business to help, this is gambling! They are hoping you croak, and then they don't give a rat's ass about you or the loved ones you leave behind. Look, I filled in a fake application and signed on the dotted line. What the crooks didn't realize was the fact that the property I assigned was the Alaska Governor's home down in Juneau. Now a week after the paper work was complete, I faked my own death certificate, even though I knew I was being followed by a hit man. So within 48-hours of their death wish coming true - as Palin's mansion was worth a whole bunch - the “Reverse Equity” clowns receiving the news that I had moved to Heaven, well there was a lien placed on the property, a lien on my fake bank account, until they found out they had been scammed. But it goes to show that the entire state of affairs behind this “Reverse” is but another scum-baggers' scam. And get this, the deaths of RM owners has been on the increase, especially with those that fell for the single signature sign-me-up scam. Conspiracy? Hey, there's free money involved. Well the numbers paint a picture of deceit and if that ain't something for the conspiracy radar, well the noise you hear is that wall, starting to crumble some more. Shouldn't there be a crime against those that feel it necessary to rip off our elderly population? This is wherein “stoning” should be re-introduced into society. When we have before us a faction that believes it is OK to rob our elderly, and those crimes continue on without intervention from Congress, well I am lost for words.