It has been reported that children (these are 50+ children) of elderly parents are taking out reverse mortgages and taking the money themselves. These parents are totally unaware really of what's happening to them.
Please if you need money to live off talk to your lawyer or ring your real estate agent and see if selling down and buying something smaller more suitable for you is viable also.
I am absolutely appalled at this disgusting behaviour from these "so called children/carers" of their behaviour.
The Government is now closing in on putting some stops to these actions after several elderly have been absolutely disadvantaged and put into a life of debit which they are now totally stressed and have a terrible life from then on.
Shame on you all that have done this to your parents for your own benefit.
MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!
SELLING MOSMAN PARK & THE WESTERN SUBURBS!!
KEEPING IT REAL IS OUR MOTTO!!
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