A recent news story tells of National Guard commander who served in Iraq last year received an urgent call from his wife while there telling him that their Homeowner Association had foreclosed on their paid for $300.000 home because she had missed two payments. Yes, only two payments. And, someone taking advantage of this bought […]
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Reverse mortgages now less costly. If you are 62 or older and interested in a reverse mortgage you now have more choices as upfront fees have come down substantially and some lenders are eliminating them totally and even offering to pay some of the mortgage insurance premium fees up front. A reverse mortgage allows homeowners
Reverse Mortgages Now Less Costly Read More »
More signs that the City of Los Angeles is broke. They are considering ending the policy of repairing driveways and sidewalks. The burden will then fall on homeowners and with lawsuits totaling anywhere from $3 to $5 million a year in defense of trips and falls, homeowners who do not take care of these hazards
Los Angeles Could Stop Paying for Driveway and Sidewalk Repairs Read More »
Malibu, an area of Los Angeles that contains some of the most expensive real estate in Los Angeles County and is home to countless movie stars, is about to lose the bulk of its septic tank systems after years of fierce debate. No new systems will be allowed and existing systems in central and eastern
Malibu to Ban Septic Tanks Read More »
There is plenty of information and advice about when to retire and take social security, but very little about managing your home equity with a view to retirement. Equity in your home is a big part of your overall portfolio. If you are married, this is approximately 70% of your non-liquid assets per a 2009
How Should I Use My Home Equity For My Retirement? Read More »
Here are some points to take into account when considering a Reverse Mortgage. What is a reverse mortgage: A reverse mortgage is a loan given to seniors on the equity in their home. It can be in one lump sum or several payments. In a conventional loan, amortized payments are made to the lender on
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