I am a single bloke, aged 54, with about £140 of equity in my house. I owe £30,000 on my mortgage and £50,000 on other, unsecured loans.
I have recently hit hard times and would really like to get my hands on $80,000 fast cash to pay off all my debts.
I have no dependents and do not feel a necessity to leave anything to anyone in my will.
I have heard rumours of companies who pay out cash in return for gaining ownership of your house when you die. Is this correct, or am I dreaming? I vaguely think I saw mention of such a deal in a TV advert recently. Anyone know of any such arrangements on offer, or similar things? Any leads would be appreciated.
Hank