Sunday, September 7, 2014

COLLEGES, MALLS & REVERSE MORTGAGES

COLLEGES, MALLS & REVERSE MORTGAGES

ANOTHER COLLEGE SHUTS DOWN FOR GOOD !

10,000 STUDENTS HOLDING THE BAG !!

Business News:

Anthem Education Shuts Down for Good



MY NOTE:
THEY KNOW THE DOLLAR WILL COLLAPSE
THEY KNOW MALLS WILL GO BROKE
THEY KNOW ALL 'BIG' RETAILERS ARE
MOVING TO THE "NET"
THEY MAY KNOW THAT MALLS WILL BE BLOWN UP
BY TERRORISTS
THEY ARE EITHER HURRYING TO BUY TERRORIST INSURANCE
OR CONVERTING TO "MINI" APARTMENTS TO KEEP AFLOAT !

Country’s First Indoor Mall Converted to Micro Apartments


===============================================

Legal Update: New Rules for Reverse Mortgages



MY PERSONAL NOTE ON REVERSE MORTGAGES

IT'S ANOTHER GOVERNMENT TAKEOVER OF YOUR EQUITY & PROPERTY

IT'S ANOTHER GOVERNMENT SCAM
JUST LIKE STUDENT LOANS

Some of the following info - comes info effect
according to ObamaCare's plan
could be 2014-2015- 2016

Check ObamaCare and find out

HERE'S HOW THEY DO IT

1.
THEY ARE LOANING YOU $$ ON YOUR OWN EQUITY

Similar to handing someone your credit card
when you have an A+ rating
and them sending YOU a monthly payment
from what they USE on your card
and YOU pay all the bills
How dumb is that ???

2.
THEY GIVE YOU MONTHLY PAYMENTS

3.
YOU
PAY ALL TAXES YEARLY
( taxes are now under Corporate Tax offices
private corporations
which do not re-appraise anything
they just continue to jack up taxes
at their own discretion )
Don't miss a payment or they
have your home

4.
YOU PAY INSURANCE ON YOUR HOME
( Insurance companies are private corporations
and now have a free hand to jack up rates
at their own discretion )

5.
WHEN you and your husband get a reverse mortgage
ONLY the ELDEST of the TWO sign the mortgage papers.
IF the ELDEST DIES, the husband is OUT THE DOOR!
The husband ( or wife if  eldest) is put on the street
IF they can NOT come up with a new mortgage
to BUY their home back
That's the truth
MANY elderly people LOST their home in this
"fast card trick game"
and had to go live with their children or
to a nursing home !

6.
You can't have more than 5 acres
You can't have excessive equity
or they won't do the deal.

7.
If you have a WELL - well water pump
YOU MUST SHUT IT DOWN AND
RETURN TO CITY TAP WATER

8.
THEY WILL INSPECT YOUR HOUSE YEARLY
AND TELL YOU WHAT "YOU" MUST REPAIR
AND THE TIME LIMIT YOU HAVE TO REPAIR IT
OR THEY TAKE YOUR HOUSE
Need a new roof ?
Maybe you don't really need a new roof
BUT THEIR WORD GOES
get the picture ?

9.
Hurricane or storm damage ?
you are dealing with Corporate insurance
companies.. you may end up having to
pay -- can you afford to?
Remember, you have to meet gov.'s
timelines

10.
When ObamaCare kicks in concerning
housing.... They have new CODES
for ALL HOMES and you must bring
YOUR home UP TO THEIR STANDARDS
which were written to
BREAK YOU
YOUR home will be inspected
THEY will TELL YOU
what YOU have to have done,
and YOU will pay for it.
YOU MUST
use their list of contractors
and NO one else !!
If YOU do not OBEY
you can kiss your home good bye
YOU ALSO WILL NOT BE ABLE
TO SELL YOUR HOME UNTIL
IT MEETS THEIR REQUIREMENTS

11.
IF YOU SELL YOUR  HOME YOU
WILL PAY AN ADDITIONAL
3%  AT CLOSING
TO OBAMACARE

12.
IF YOU LEAVE YOUR PROPERTY
TO YOUR FAMILY
YOUR FAMILY MUST GET A
NEW MORTGAGE
TO BUY IT BACK
WHO CAN BUY ANYTHING
BACK, IN THIS ECONOMY??

THINK ABOUT THIS:
IF YOUR EXPENSES ON YOUR
PROPERTY
EXCEED THE SMALL MONTHLY PAYMENT
THEY ARE SENDING YOU
WHERE DOES THAT LEAVE YOU?

THEY WANT YOUR PROPERTY
THEY WANT ALL AMERICANS
TO BECOME RENTERS
THEY WILL CONTROL THAT TOO !!

REALTORS "PUSH" REVERSE MORTGAGES
E-Z SALE & COMMISSION
NOT HELPING YOU !!
I understand that they are "re-writing" Reverse Mortgages
I have NO idea what they are changing or adding
ACCORDING TO THE ARTICLE ABOVE
THEY ARE CORRECTING SOME OF THE THINGS I'VE MENTIONED
BUT IS THIS IN EFFECT YET?
WHAT OTHER HOOKS HAVE THEY ADDED TO IT?
SEARCH DEEP !!
It's up to YOU to get the REAL facts & make LOGICAL decisions!

DON'T BELIEVE ANYONE -- NOT EVEN ME
CHECK THE FACTS FIRST


"Only those who see the invisible......
                        .......Can do the impossible ! "

IN GOD WE TRUST

jbs-9-7-2014

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