real estate blog
push back the closing date

The Truth About The Closing Date

How Does a Closing Work? The real estate contract is typically called a “Purchase and Sales Agreement”. The transaction is initiated by the party who wants to purchase the property (usually with their real estate agent’s help) by submitting the “offer”. The offer includes the pertinent terms of the deal, including the purchase price and…

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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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