by admin | Sep 24, 2018 | Estate Planning, Mortgage Closing, Real Estate
Reverse mortgage Pro’s A reverse mortgage provides fast access to your equity. The mortgage is typically not paid until you die. Proceeds can be used for in-home care if you do not qualify for, or cannot get adequate in-home care, keeping you out of a nursing...
by admin | Sep 19, 2018 | Creditors Rights, Debt Collection, Real Estate
Attempting to hide assets from creditors (con’t) Today’s example of how some people attempt to hide their assets is a Real Estate Trust. Some debtors legitimately cannot pay their debts. The law provides the bankruptcy process to help protect them. Our...
by admin | Sep 17, 2018 | Estate Planning, Mortgage Closing, Real Estate, Succession Planning, Tax Planning, Uncategorized
How much can I borrow with a reverse mortgage? How much you can borrow, depends on several factors. The age of the borrower. The older the borrower, the more that can be borrowed. Current Interest Rates The lower the interest rate, the more that can be borrowed. The...
by admin | Sep 14, 2018 | Estate Planning, Mortgage Closing, Real Estate, Succession Planning, Tax Planning, Uncategorized
Elders often struggle to find the resources to stay out of nursing homes and stay in their home, but still, need In Homecare. A reverse mortgage can be used to help make that happen. Medicaid can be used to pay for nursing home care, but stay at home care can be...
by admin | Apr 27, 2018 | & estate litigation, Foreclosures, Real Estate
Repeat Foreclosure Rates at an All-time High in NYC While evaluating 700,000 loans that had a balance of $135 billion at the time of modification, Fitch discovered skyrocketing re-defaults on loans modified after 2014, while the combined delinquency rate of mortgage...
by admin | May 14, 2017 | Real Estate
As the New Year swept in bitter cold temperatures, 2014 also swept in new regulations in the lending industry. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act charged the Consumer Financial Protection Bureau (“CFPB”) with the authority to implement...
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