Patricia E. Kefalas Dudek
Advocate for Elders, People
with Disabilities
and Their Families

Financial Matters - Real Estate Related

Articles, Publications, Organizations

Legal Links
(Related to my
practice areas)




Articles:

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 it’s 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 you’re 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.

Publications:
7 Things You Should Know When Selling Your Home (Tax Tip 2009-54)
People who sell their home may be able to exclude the gain from their income. Here are seven things every homeowner should know if they sold, or plan to sell their house.

A Reverse Mortgage Solution (Mortgage Now, Inc.)
In today's adverse financial climate many seniors find themselves either unable to comfortably meet their mortgage payments and or need additional income to meet their obligations. Selling your home in a declining real estate market may not be a wise option. Tapping the equity in your home through a reverse mortgage is worth considering.

Reverse Mortgage (Wells Fargo - Tim Thomas)
A quick Q&A guide on how to optimize retirement cash flow without selling your home.

Organizations & Services:

FHA Reverse Mortgages (HECMs) for Consumers - (U.S. Dept. of Housing and Urban Development)
The Home Equity Conversion Mortgage (HECM) is FHA's reverse mortgage program which enables you to withdraw some of the equity in your home. You choose how you want to withdraw your funds, whether in a fixed monthly amount or a line of credit or a combination of both.

Institute for Foreclosure Legal Assistance
Providing help to Americans losing their homes.

National Reverse Mortgage Lenders Assn.
For consumers interested in learning more about reverse mortgages.

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