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Reverse Mortgages: Unveiling Insights and Pitfalls

Reverse Mortgages: Unveiling Insights and Pitfalls… At first glance, Reverse Mortgages may seem like a beneficial financial option, especially for seniors looking to tap into their home equity. However, our episode uncovers the hidden complexities and potential risks associated with these arrangements. Through a detailed analysis and invaluable insights, we empower you with a deeper understanding of Reverse Mortgages.

Our mission is clear: to equip you with the knowledge necessary to make informed decisions. By dissecting the intricacies of Reverse Mortgages, we provide you with the tools to navigate this financial option with confidence and clarity. Whether you’re considering a Reverse Mortgage or simply curious about its implications, this episode is a must-listen.

Join us as we unravel the mysteries surrounding Reverse Mortgages and offer practical advice to help you avoid common pitfalls. By staying informed and aware, you can protect yourself and your assets while making sound financial choices for the future.

Tune in to our podcast episode and gain a deeper understanding of Reverse Mortgages. Don’t let the allure of quick cash overshadow the importance of due diligence and informed decision-making. Your financial well-being is paramount, and we’re here to guide you every step of the way.

** This episode is dedicated to Mildred Elrod, mother of Tammy Lilly, and the subject case of today’s topic. Her passing in December of 2023 brought to light not only the issues of a Reverse Mortgage; but it spotlights the unconscionable preying on our seniors. From their real estate holdings to potential inheritance by family; the government’s insatiable appetite to misrepresent a “solution” that ultimately is a scheme to deteriorate what should be the people’s rights of ownership, wealth accumulation and future generation of wealth inheritance. **

You Tube:  https://youtu.be/yrZUlpTG7fo

Spotify:  https://podcasters.spotify.com/pod/show/real-homes-to-love/episodes/The-Real-Tea-SPECIAL-Episode-on-Reverse-Mortgages-e2im43i

Fair Housing Information

It was truly an honor to be selected for The Marie Kindrick Fair Housing Award at this year’s Miami Valley Fair Housing Wrokshop.  I enjoy working with people who are searching for their next “home” whether that would be a rental or purchase; but importantly, I want to help ensure that it is Affordable and What They Want / Need.

So we are often asked many questions – and this post is to provide some of those answers, as well as to provide websites, links and expert advice regarding Fair Housing.

Fair Housing Tips Disabilities

About Fair Housing with Children

Service Animal Policies

MVFHC brochure

Agencies for Fair Housing Issues

Avoid Predatory Loans

Loan Modification Scam Alert

News for those who may need to Short Sale

National Association of REALTORS released an update on August 16, 2012:

Extension of Mortgage Cancellation Relief Goes Forward

The Senate Finance Committee has crafted and sent to the full Senate a package that would extend the mortgage relief provision for an additional year, through Dec. 31, 2013.

The Senate was unable to act on the bill before adjourning for its August break and the party conventions. The Senate reconvenes on Sept. 10. Chairman Baucus (D-MT) had expressed a wish to finish this package before the election in order to provide certainty about the extension (or not) of more than 50 provisions. Nonetheless, it is not known if the package would also be considered in the House before the election.

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Certified Short Sale Designation Earned!

Today’s market and needs have impacted many people, working with potential client’s I have looked at what I can do to help and I am glad to announce that I have received my Equator Platinum Agent Certification and Short Sale Certification.  There are many things involved with the process that you will want to ensure you are using someone who is up-to-date and well trained.  I am available to meet with you for a confidential discussion of what your options are and to assist you in moving forward to the next stage of your life.

2618 Ridge, Xenia

$125,435

Deals like this don’t last long – and if you wondered what kind of housing market we are in – HERE’s your proof!  This one is GONE (pending bank approval) but the rush to get in for showings and the multiple offers left no doubt, homes priced below market value SELL FAST!