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Page 20 - Greg Faull News Today : Breaking News, Live Updates & Top Stories | Vimarsana

KGO ABC World News Now December 6, 2012

world news now. no time that ain t all on my mind announcer: world news now weather brought to you by colonial penn life insurance. announcer: world news now weather brought to you by colonial penn life insurance. well, you have seen the commercials on tv, the ads that promise reverse mortgages to solve your money problems and every other problem, 99 of them right. exactly. companies are targeting senior citizens and in some cases causing people to lose everything. now congress is taking some action. abc s jim avila reports. it was just grand, this was our dream. reporter: the family home, dream and nest egg for wisconsin s linda and jim mcmahon until it had to be sold out from under linda to pay back a reverse mortgage as soon as her husband died. i get a letter sorry to hear about your husband passing away. buy the house or move out. reporter: reverse mortgages give homeowners an immediate cash payment in exchange for future equity allo

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