Reverse Mortgage
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Reverse Mortgage

This forum promotes education about the FHA Guaranteed Home Equity Conversion Mortgage (HECM) and other proprietary reverse mortgage products.


HOME IS A FARM

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Reverse Mortgage :: Reverse Mortgage Basic Information :: Legal information about Reverse Mortgages

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Post  Lizzy B Tue Feb 05, 2008 9:52 am

What if your home is a farm? Does it cover all your land and equipment?

Lizzy B

Posts : 23
Join date : 2008-02-05

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HOME IS A FARM Empty Re: HOME IS A FARM

Post  Marc Johnson Thu Feb 07, 2008 10:34 am

That's a good question. My opinion is that it would not cover the equipment as it can break and will not retain its value as a home and land will. It might depend on if you want the whole farm or just the house and part of the farm. Guess it would depend on what you would want to do or how much you need.

Marc Johnson

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Join date : 2008-01-28

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