Wednesday 8th Feb 2012 03:09 PM
Reverse mortgage and owe $1 million dollars after losing your home
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Wed, 07/29/2009 - 15:36
Reverse mortgages are available to the older Singaporeans to unlock cash from their homes.
This sounds like a good deal for many homeowners here that are known to be asset rich and cash poor.
I suppose the sale price of the home IS THE DETERMINING FACTOR whether to reverse mortgage or not.
This couple is now suing NTUC with the help of Legal Aid
http://www.asiaone.com/Business/My%2BMoney/Property/Story/A1Story20090728-157639.html