Seniors Turn To Reverse Mortgages In Recession

These loans allow retirees to pull equity from homes, tax free. The loan and interest does not need to be paid back until the owner dies or sells the property. But, seniors are warned that these loans can be complicated. Sue Kwon reports.

CBS San Francisco | July 7, 2009

Tags:. .retirees. .equity. .mortgages. .recession. .sue kwon