She choose not to do this and benefited from it by not having to pay tax on those funds, unfortunately, she also looses all the benefits that comes along with reporting that income to the government and one of those happens to be showing that she has been a law abiding citizen by paying what she is suppose to.

Well not too sure who said it but here goes (nor am I on the quote either)"the only certain things in life are Deat & Taxes" I am all for paying taxes in your tax bracket but it is your legal right as a United States Citizen to do what you can to pay as much as you should pay not!

Because there has been a problem of some senior citizens being charged thousands of dollars for information on HECM that is available free, HUD recently directed HECM lenders to stop doing business with companies that charge such fees.

Anyone familiar with marketing knows perception is reality and the perception that the productive members of our society are about to punished for being responsible citizens is growing.

Absentee landlords and people who are in the home but can not keep up maintenance cause damage to the homes good citizens own.

I can see a bunch investors, realtors, etc. doing a citizen's arrest Vic Mackey-style.

The lender will want a personal guarantee but since you are NOT a US citizen their risk goes up and your chances of getting the loan go down.You may or may not be able to prove to the lender the property cash flows well and in all aspects is a great deal.

FY 2008 Budget for FY 2008, prepared by the Office of Management and Budget (OMB), forecasts revenue to grow to $3.307 trillion by 2012.Us National Debt $10,621,692,718,504.15 The estimated population of the United States is 305,448,546so each citizen's share of this debt is $34,774.08.The National Debt has continued to increase an average of$3.42 billion per day since September 28, 2007!

It's also likely true that the banks don't like the fact that individuals have the opportunity to profit (sometimes greatly) off of their non-performing assets, and they are trying to limit the ability of private citizens gaining on their loss.

If you are worried about security, look at who actually took out terrorists on 9/11 - it was private citizens.