Taxing the Senior on Reverse Mortgage
SAINT AUGUSTINE, FL, November 13, 2008
/24-7PressRelease/ -- Florida based Reverse Mortgage lender is taking a position for Seniors on unfair taxes being charge on Reverse Mortgages.
Florida local Reverse Mortgage Specialist Tim Robbins has been sending letter's to Florida's government officials about a terrible injustice being placed upon seniors. When a senior applies and receives a Reverse Mortgage they have to pay two distinct taxes in addition to all of the other fees.
The State of Florida imposes a State Tax Stamp and the State Intangible Tax on their Reverse Mortgage proceeds. These two taxes can add up to as much as 2% of the amount they receive from the equity in their homes. The seniors who are the back bone of this country and the people it was built on, are being taken advantage of in their so called Golden Years.
Tim Robbins a local Reverse Mortgage specialist is taking action and speaking out for all senior homeowners, by writing and inviting all seniors to his website to post there concerns about this issue. If more people speak up then the government will have to listen. The site that Tim Robbins has built for the Reverse Mortgage industry and seniors is
http://www.SeniorConsumerReport.com.
The site contains valuable information and access to send letter's and emails to all of the State officials. Get your voice be heard to stop this unjust tax on the backs of our Florida seniors.
To contact Tim Robbins about this issue or to consult about Reverse Mortgages you can go to
http://SeniorConsumerReport.com or call Tim at 800-866-7211 Ext. 118
Also to contact your government officials to send emails go to by going to website
http://www.SeniorConsumerReport.com---
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