A 72-year-old Reddit user is grappling with potential home loss after losing his job. With a monthly mortgage of $6,000 and retirement income of $5,000, he faces a financial crunch. Although he has $136,000 in the bank, he would rather explore options like a reverse mortgage or setting up a lien on his house, to extend his stay. He doubts if the mortgage company will accept his financial situation and is uncertain about the implications for senior homeowners, especially considering his age.
Buying a too-expensive house was a big mistake.
He's not sure if the mortgage company will take the money from his bank or foreclose on the house.
Collection
[
|
...
]