reverse mortgage means losing equity

Does Reverse Mortgage Means Losing Equity To The Bank?

As part of our elder law and long-term care planning practice, we often recommend a reverse mortgage to our clients. And we are often met with resistance. One of the most common misconceptions about reserve mortgages is that if someone obtains this type of mortgage, all hope of ever having any equity to pass to…

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REAL ESTATE NEWS: New Property Condition Disclosure Form

By: Joan Reed Wilson, Esq.      Effective August 10, 2018, the Connecticut Residential Property Condition Disclosure Form has changed. The revised form applies to all residential real estate listed on or after August 10, 2018. The old form will expire on August 9, 2018. The law still requires the seller to credit the purchaser $500…

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SENIOR TAX RELIEF PROGRAM 2018 By: Joan Reed Wilson, Attorney at Law The State of Connecticut Homeowner’s Tax Relief Program provides real estate tax relief for seniors and disabled homeowners who qualify. Qualification depends on the homeowner’s age and gross income. If you or someone you know is over age 65 (or has been deemed disabled)…

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