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Annual
board of review to fight property taxes soon (Oakland
Press - 1/18/09)
Patti's comment: This is an important issue for folks to look
at as their property tax statements come in.
New
Jumbo Reverse Mortgage Announced (Reverse Mortgage
Guide - Oct. 2007)
As with all reverse mortgage products, always speak with an
attorney who specializes in elder law before signing any paperwork.
Always ask about rates, fees, charges and terms.
Reverse
Mortgages (Time Goes By)
Info on the Home Equity Conversion Mortgage (HECM), the best
and most popular Reverse Mortgage, because its guaranteed
by the still-solid Federal Housing Administration (FHA).
Reverse
Mortgages and Kids Suing Parents (Reverse Mortgage
Guide - Oct. 28, 2007)
If you get a reverse mortgage it means youre draining
the equity from your property. This may or may not be an issue
to you, but what about your heirs?
Tapping
Into Homes Can Be Pitfall for the Elderly (New York
Times - March 2, 2008)
Erika Baker was 67 years old, divorced and worried about her
job when a saleswoman showed up at her door in late 2006.
Tax
Break for Surviving Spouses Selling Homes (Wall Street
Journal - Jan. 20, 2008)
Some widows and widowers thinking of selling their home may
benefit from a new law enacted last month. The new law effectively
gives them more time to sell and still be eligible for the
maximum home-sale tax break available for married couples
who file jointly.
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