>Reverse mortgage
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If it was a reverse mortgage the bank would be
PAYING HIM every month.
It's just a normal mortgage or home equity loan. He put his home up for collateral for a lump some of cash. And he was supposed to have been paying it back every month. But he is a crackhead so he didnt.
Reverse mortgage is a thing old boomers get. They get a payment FROM THE BANK every month to maintain their boomer lifestyle and when they die the bank just owns the house. The sooner you die the better it is for the bank. If you get a reverse mortgage your accepting the bank will own the home in the end, and fuck handing down anything your kids.