Letter: Be wary of reverse mortgages
Chico Enterprise-Record - If the government is willing to insure and ensure any reverse mortgage loan with a financial mortgage lender will be paid off so that elderly, needy folks can remain in their homes, why do we need a third party in on the deal? Specifically, reverse
Ocean County Happenings
Atlantic City Press - SEMINAR ON REVERSE MORTGAGES presented by representatives of OceanFirst Bank 11a.m. Friday at the Ocean County Library, 129 N. Main St., Stafford Township . Call 457-5277 for reservations. INTRODUCTION TO RELAXATION with Marie Murphy of Island
Taylor Armerding: Patrick playing shell game with property-tax relief
Salem News - For those who aren’t elderly, there are reverse mortgages and equity lines of credit available. Sure, I can understand the desire to pass a home to one’s heirs free of any mortgage obligation. I desire the same thing. But no way is it the
Court upholds win for ex-assessor
East Valley Tribune - Ross used the disc to help create a mailing list in early 2003 to market reverse mortgages, which allow those who qualify to take out loans against their home s equity that do not fall due until they die or the property is sold. Prosecutors alleged
Borrowing Between Friends Just Got Easier
Hartford Courant - The company handles personal loans, mortgages, reverse mortgages and business loans in the U.S. It plans to start handling student loans next year. What’s in it for the lender? That depends on the loan. In Jilot’s case, his parents cared less about
The week ahead
Chicago Tribune - Main page Reverse mortgages gain in popularity Study financial aid rules before putting money away for college Money management can Thursday: — June leading economic indicators — Fed meeting minutes — Weekly initial jobless claims — Earnings
Cities brace for fallout from state budget crunch
Daily Tribune - The organization provides information to homeowners regarding any housing-related issue, including landlord-tenant disputes, reverse mortgages for seniors and down payment assistance for homebuyers, she said. “To help ease the crisis, it’s going to
Detroit tax breaks meant for needy often are abused
Detroit News - 70 senior citizens got tax breaks even though they had received reverse mortgages with an average lump-sum payment of $120,000. Those who get reverse mortgages make no payments on them until the homeowner dies, sells or moves. More than half of
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