A reverse mortgage is when you sell your house to the bank but they let you occupy it until you die. That's the pitch, anyway: the reality is that it's a complex and obfuscated form of loan hawked through "misleading advertising" and "low-quality counseling" which exists hand in had with "risk of fraud and other scams". Tom Selleck, regular pitchman for reverse mortgage products, explains.
Tom Selleck explains reverse mortgages in parody of TV ad where he sells them
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