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2009
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Yesterday a long-awaited closing was set to take place. The contract was written before the end of last year, but the seller needed several months to arrange her relocation, so we put a closing date almost 4 months out. A lovely home, in excellent shape, happy seller, excited buyers, $435,000 p...
03/26/2009
The recently passed 2008 Housing and Economic Recovery Act has created a unique opportunity for seniors: the ability to purchase a home with a reverse mortgage in a single transaction. Reverse mortgages have been around since 1987, when they were originally established by the Housing and Commun...
03/23/2009
There appears to be a new product in the reverse mortgage arena that may be a lifesaver for baby-boomers looking at a retirement that is different than the one they designed because of the market turmoil and erosion of capital and real estate values. They can purchase a home with a reverse mortg...
03/17/2009