Modesto realty owner charged with defrauding elderly homeowners, banks of $10 million

Modesto realty owner charged with defrauding elderly homeowners, banks of $10 million
FRESNO - The owner of Modesto Century 21-Apollo Realty and his roommate were indicted on suspicion of defrauding elderly property owners and banks of at least $10 million. Indictment  
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Is a reverse mortgage a good idea for elderly friends?

They own a small farm with a modest home and a barn but it is in an area where many fancy housing additions are going up. Their Social Security checks are very small and they have no other monthly income or savings accounts. Both are in their late 70’s and they need more [...]

Is there a better solution for the cash strapped elderly than the reverse mortgage? What are big pitfalls?

Reverse mortgage seems an easy out, but does it cost too much in the way of fees and is the variable interest a good risk in this economy? Is there a better solution I am not considering?

What are the pros and cons of an elderly couple doing a reverse mortgage?

We are in our mid sixties. Would it be advantageous to do a reverse mortgage?