Reverse mortgages

[SkippyjonJones]

if you had a property and agreed to a reverse mortgage could you then :

 

use the money to convert the proerty into flats and let them out?

 

and/or

 

at some point in the future sell the house and pay off the reverse mortgage?

 

 

cheers

[Guest Scot]

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[Murphman]

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Edited July 3, 2008 by Murphman

[SkippyjonJones]

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