Motley Fool Rule Your Retirement – Good Real Estate Options for Retirees

Motley Fool talks about options surrounding most retirees biggest asset, their home. How much home do you need? Should you pay off your mortgage? If so when? What items should you look at before tapping in to your equity as a retiree? When is it optimal to consider a reverse mortgage? How can you use a reverse mortgage…

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Reverse Mortgage Home Purchase Scenario

“Use a reverse mortgage for purchase, really! How do you do that?” This is often the response when I talk to real estate professionals and potential clients. Purchasing a home with a reverse mortgage is not common place. It is mostly an unknown concept. There are a number of reasons why you would use a reverse mortgage to buy a home.

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Counsel for National Reverse Mortgage Association had this to say about reverse mortgage law making

According to James Milano, an attorney with the Washington, D.C. firm, Weiner Brodsky Sidman Kider, the urge to regulate may be reactionary. “State regulators may feel responsible for the subprime mortgage meltdown and don’t want to be fooled again,” he posited. Milano cites Washington State, California and Minnesota as having recently introduced bills and says…

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My Letter to my local Assembly woman re: AB329, Reverse Mortgage Elder Protection Act of 2009

Monday, March 09, 2009   Dear Assemblywoman Harkey,   I respect the proposal of AB 329 and the spirit of its creation. My name is Angella Conrard. As a reverse mortgage originator of 4 years with a background in healthcare I can speak from experience. I am also the president of the National Aging in…

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Elder Mediation Resolves Family Conflicts

The National Care Planning Council has seen an increase in requests from caregiving children for help in solving disputes with siblings. In one case, the caregiver was being sued by her sister for abusing their parent and stealing the Social Security checks. In another, the caregiving child would not allow siblings to see their mother, claiming they would take advantage of her.

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