We are all aware that the low interest rate environment has had devastating effects on seniors and retirees in general for many years. This is not something new but the recent trends, in conjunction with the devastation many retirees experienced with thei
Dec 02, 2013 | lifetime income with a Reverse Retirement Planning Reverse Mortgage supplemental retirement income
Many people I have spoken with, simply do not fully comprehend the ramifications of foreclosure and the potential personal liability they may face regarding the mortgage note. When you get a mortgage there is a deed of trust that allows the lender ce
Nov 15, 2013 | Short Sales solutions for underwater properties forgiven mortgage debt Debt Mitigation
The HECM Reverse Mortgage Program changes are now in place effective October 1, 2013. Changes to the program are clearly geared toward keeping the financial risk to the government insurance fund in check. As expected, the equity principle limit eligibilit
Oct 29, 2013 | Reverse Mortgage Retirement Planning Retirement income insecurity HECM Reverse Mortgage supplemental retirement income
It’s not news that it is difficult to get a new mortgage. The good news is the government and the markets are just beginning to recognize that the crisis was historic and not everyone who got caught should be permanently labeled a dead beat.&nb
Oct 25, 2013 | Short Sales Mortgage Loan Process Traditional Mortgage forgiven mortgage debt
There appears to be a misconception in the market among some that a Reverse Mortgage can be used to solve any and all property and borrower ailments. This is categorically incorrect. A Reverse Mortgage is designed for a primary residence only and do
Sep 25, 2013 | Reverse Mortgage HECM Reverse Mortgage solutions for underwater properties FHA Construction Loan Hard Money Loan Government insured mortgage
For the past several years, all the talk has been about avoiding foreclosure with loan modifications and short sales for underwater properties with distressed financial situations. One area that has been over looked or maybe just absent from the headlines
Sep 10, 2013 | Loan modification HECM Reverse Mortgage Short Sales Reverse Mortgage modify your loan with your lender home equity access foreclosure