All Reverse Mortgage, Inc. HUD-Approved Lender BBB Torch Ethics Award Finalist and A+ Rating... More adaptable loan for long-term retirement planning. Most popular for those paying off...
Water shut off without notice, a letter addressed to a deceased mother, a loan that never should have been granted. Even heirs who want to pay off reverse mortgages to hold onto a family home, and have the means to do so, can find themselves stymied by a seemingly endless cycle of conflicting messages that stretch out for years. That’s according to some of the more than 100 tips and letters received by USA TODAY after its probe into a surge in reverse mortgage foreclosures issued just after the recession. ...
WASHINGTON — Three years ago, with his former partner suffering from cancer, Jim Dorsey decided to borrow against the equity on his Vashon Island, Wash., home with a reverse mortgage. The couple didn’t have children and didn’t plan to move, so a loan that didn’t have to be repaid until he died seemed like a good deal. Dorsey, 69, isn’t so sure now. The retired high-school teacher figures the loan — which netted him a $75,000 lump sum after paying off his existing mortgage — will reduce his home equity by $100,000, compared with wh ...
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The Real Estate Attorneys on Long Island can assist with purchasing and selling homes, commercial and land, all while being able to negotiate contracts and create legal documents for...
16 2.1 Reverse Mortgage Product Development. 17 2.2 The HECM Program. 18 2.3 HECM Program Requirements & Consumer Protections. 20 2.4 Key Product Decisions for the Prospective Borrower. 23...
Long Islanders looking to buy a house who hoped they might be able to wait out the hot market sparked by the pandemic may have longer to wait. The arrival of spring, which local real estate agents often bill as the busiest time for the market, hasn’t produced sufficient new listings to satisfy the demand for homes, and a key indicator of the pace of the market suggests the level of competition is right back where it was last year. That combination is disheartening for potential buyers. Meanwhile, sellers who didn't cash in last year could ben ...
THE LONG ISLAND RAIL ROAD A COMPREHENSIVE HISTORY by Vincent F. Seyfried Part Three The Age of Expansion: 1863-1880 LONG ISLAND DIVISION 2717989 Published by Dueens Long Island Division...
F E D E RA L R E S E RVE BA N K of N E W YO R K NASSAU AND SUFFOLK COUNTIES LONG ISLAND CREDIT PROFILE 2 0 1 7 The views presented here are those of the authors and do not necessarily...
Last summer, Antoinette Zarrilli faced losing the Montclair, N. J., home where she had lived for 50 years. More than $50,000 in debt since her husband’s death, creditors were hounding her, and taxes were eating away at her meager income from a part-time job and Social Security. Zarrilli, 73, thought all was lost. Then her two sons told her to consider a reverse mortgage, an increasingly popular loan that seniors like Zarrilli have been using to prevent evictions, pay off debt and gain income. Reverse mortgages allow people 62 and older to bor ...