Rant about Tom Selleck ad

[soulgeezer]

He wasn't in Unforgiven, either. I think TD's point was about the way we view actors who play heroes, not a list of Tom Selleck Westerns.

 

[Maricopa]

My definitely not stupid or destitute in-laws did a RM and have been very happy with it. I'm not as happy about not someday sharing in the inherited proceeds from their previously paid-off home...but hey.

And why does Sellleck get all the grief, what about Fonzie?

 

[LutherBurger]

If Thomas Magnum asks me to buy a poop sandwich, I will buy a poop sandwich.

 

[8barlouie]

My mother entered into a reverse mortgage because it allowed her to remain in her home for the rest of her life after my dads stay at the nursing home bled them of their entire life savings. She passed away sleeping in her own bed and that meant a lot to her. It worked for her, no horror stories.

 

[tap4154]

My definitely not stupid or destitute in-laws did a RM and have been very happy with it. I'm not as happy about not someday sharing in the inherited proceeds from their previously paid-off home...but hey.

And why does Sellleck get all the grief, what about Fonzie?

That's the downside. If folks don't have heirs, or the heirs don't really care about the inheritance, RM are fine. My mom needed to do something having home caregivers that take most of her pension, but she insisted she didn't want to do a RM, so I called her bank and set up a line of credit on her paid-off home she can use. Low percentage rate, no fees, and no requirement to use it. Just there if she needs it and now she doesn't have to worry about money at all. She seems more relaxed now that she has that to fall back on.

 

[MDMachiavelli]

Yes, I lost respect for Tom when started trying to sell reverse mortgages. I know exactly what they are. I liked his work, but now I have lost respect for him.

He's probably real broke up about it also.

 

[kelnet]

I'm thinking that you can't be that hard up for money to be a paid shill for reverse mortgages.

All this "but I did some checking" is bs. You have no need to check out reverse mortgages or find a "fourth leg of retirement income".

I am certain that some folks benefit from a reverse mortgage as a last resort. However, I think some are scammed into this being a panacea without fully understanding what it really entails.

Regardless, I've never thought much of you Tom but now I think even less. Same goes to any of the celebs who hawk predatory lenders like Montel.

You know, I don't think Tom Selleck reads this forum.

 

[burntfrijoles]

Celebrity endorsements are what they are. A celebrity endorsement has never weighed in on any decision I have ever made as a consumer.

But I do have to say when someone singles out one celebrity out of the 1000s that do it, I just wonder is there an ulterior motive for the singling out....

I don't think Shaq promoting Icy Hot is in the same category as hyping something that affects a lifetime asset.

Commercials are just commercials to make those paying for the product/service money. I don't believe one thing that's said... ever... just mind numbing at times though.

Yes, that's true but there are many impressionable people out there.

He's an actor. It's a job. Any questions?

Yes, and many can't discern he's playing the part of a knowledgable, concerned advisor. There are lots of jobs that I could take that I might find questionable and therefore I wouldn't take them. He's not exactly doing poorly with his full time gig on CBS.


Overall, it's just sleazy to me.
Again, this is just my beef and my rant.

Carry on.

 

[neckradius]

He's an actor. It's a job. Any questions?

Not every job involves shilling for a scam or near-scam being pulled on old people in need.

 

[Obsessed]

Celebs selling their souls for money they don't need.

Very sad.

Rules (good rules), prevent me from ranting on.

 

[BartS]

Here's 25000 dollars so you can live in this house till you die just give us the 350,000 dollar house after you croak.

It's just an atrocity when celebrities do stuff like this.

A product that's good or you believe in or something fun. More power to them. I wish someone would pay me for that.

 

[MDMachiavelli]

Here's 25000 dollars so you can live in this house till you die just give us the 350,000 dollar house after you croak.

It's just an atrocity when celebrities do stuff like this.

A product that's good or you believe in or something fun. More power to them. I wish someone would pay me for that.

I think you are over simplifying it somewhat to benefit your side.

 

[burntfrijoles]

LOL. I just saw that the thread title was changed.

 

[5ofeight]

What is a reverse mortgage then?.

 

[burntfrijoles]

I think you are over simplifying it somewhat to benefit your side.

To some extent perhaps. I think the new rules only allow you to get one half of the value of the property. The thing that no one ever mentions is that you are paying interest on that money which is deferred until you leave the house. Further, your heirs have to come up with cash or finance the balance to claim it. So, it's not exactly a slam dunk decision.
However, it may be the only way for some folks to make it and stay in their house additional years.
It's not a total sham or scam but it can have serious implications.
For the record, I don't care if Selleck hawks products I just find this one objectionable.
As for Fred Thompson, who someone mentioned. I thought the same of him.

 

[papa32203]

You know, I don't think Tom Selleck reads this forum.

Hi, I'm Tom Selleck and I likes me some Telecasters.
Who says I don't read this forum?
I got nothing but time on my hands and money in my bank account.

PS I kissed Courtney Cox. That's "Monica" on "Friends" to you fools!

 

[tap4154]

To some extent perhaps. I think the new rules only allow you to get one half of the value of the property. The thing that no one ever mentions is that you are paying interest on that money which is deferred until you leave the house. Further, your heirs have to come up with cash or finance the balance to claim it. So, it's not exactly a slam dunk decision.
However, it may be the only way for some folks to make it and stay in their house additional years.
It's not a total sham or scam but it can have serious implications.
For the record, I don't care if Selleck hawks products I just find this one objectionable.
As for Fred Thompson, who someone mentioned. I thought the same of him.

I think the way most RMs are set up, if the person lives long enough to build up a very large amount of interest, the payback can't exceed the value of the house, so heirs aren't on the hook for any extra. They just get nothing.

But if there is still value left in the home, I've heard that the bank wants it sold FAST to get their share, then the heirs get the leftovers.

Important to check the details before signing ANY contract.

 

[boredguy6060]

I've always been a Tom Selleck fan.
Love his westerns, The Jesse Stone series was excellent, and his current gig in Blue Bloods is very good.
I don't hold actor responsible for the lines they are paid to speak.
If he were to play a villain, I would not think of him as the person he portrayed.
It's just Hollywood, he's an actor, he says what's on the cue cards and gets paid.

 

[WetBandit]

There is an interesting story about a reverse mortgage I read once.

There was this 80yr old woman who done a reverse mortgage on her home wich was worth around half or three quarters of a million dollars

Well, the deal was she would get a fixed amount of money monthly until she passed away.

The guy figured he'd pay her in the neighborhood of 200k before she died...

He was around 50 when they did the deal and when he died at 70ish he was still paying on her house because she lived to be 119yrs old.

His wife held up the agreement and continued to pay her until her passing.

In total they had paid her just over 1 million dollars for her much cheaper home.

 

[boris bubbanov]

I'm thinking that you can't be that hard up for money to be a paid shill for reverse mortgages.

All this "but I did some checking" is bs. You have no need to check out reverse mortgages or find a "fourth leg of retirement income".

I am certain that some folks benefit from a reverse mortgage as a last resort. However, I think some are scammed into this being a panacea without fully understanding what it really entails.

Regardless, I've never thought much of you Tom but now I think even less. Same goes to any of the celebs who hawk predatory lenders like Montel.

My long lost brother is in Jacksonville!! Long time no see!! :^) :^)

You are so correct.

I did a thread here, I think two months ago about this Shill Selleck. I didn't mention Montel but otherwise the thread is the same theme.

I think the fading actor has simply gone senile. He appears to many viewers to be finishing taking a leak out through an opening in the high rise building and hasn't realized there's a plate glass window there.

Selleck is just lying scum. There's simply no other way around it. He never mentions that the soon to be former owner is dispossessed if he or she (or both) go to another state for 4 months to be there for the last weeks of life of a beloved brother, parent, child or best friend. Likewise you cannot go on extended overseas vacations and leave the building unoccupied. And most of all you cannot break your hip and spend a season recovering in an assisted living center your house will belong to someone else once you feel better. And finally, you have a reverse mortgage on a 2 story house and you can't safely get up and down the stairs - you can't sell and relocate to a ranch house. They have you by the balls, every scenario you can think of.

I know two elderly people, widow and widower, who wanted to marry and live together but they both had reverse mortgages and so they "snuck around" instead.

You are a prisoner in that house. Tom Selleck stinks.