Can you trust Reverse Mortgages ?

Question

This isn’t my first Rodeo. I’ve been in the world of Finance for 45 years, longer than most of you have been alive. Are Reverse Mortgages a loan or scam. 

Update:

I will post my questions anywhere I want. You just answer. 

Answer 1

Favourite answer

They are a legitimate loan.  The borrower would receive a large sum of money based on a valid appraisal.  But the bank definitely makes money off the loan.

Answer 2

Post in "Finance" or "Real Estate" for good answers.

Answer 3

It's the acceptable face of Fraud.

Unfortunately that fraud will be Perpetrated by Hundreds and Defraud Millions of their assets.

NB.

It's their absolute right to Defraud YOU.

Answer 4

A loan. Accessing collateral of an asset that you still own and enjoy.