Mayor tells citizens to get a reverse mortgage so they can afford the property taxes

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South Portland Mayor Misha Pride suggested that elderly homeowners consider taking out a reverse mortgage to manage the increasing property tax burden. This suggestion was made during a city council meeting where the mayor discussed the challenges posed by recent property tax hikes and the revaluation of properties in the city.

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Sources:

hotair.com/david-strom/2024/09/23/mayor-get-a-reverse-mortgage-to-pay-your-taxes-n3794899

www.themainewire.com/2024/09/maine-mayor-on-property-tax-hikes-seniors-may-want-to-consider-a-reverse-mortgage/


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