A colleague was telling me the other day about a situation she ran into. She received a call from a client asking her why she was getting a bill for $83.00 from some place in Washington, D.C. for a “grant deed and property profile.” Her client was upset that she was getting a bill, when [...]
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The Commonwealth of Massachusetts has launched a new website to help consumers make wise choices about Reverse Mortgages. The site explains that a "reverse mortgage loan is a special type of mortgage loan for seniors (generally age 62 and older) that pays a homeowner loan proceeds drawn from accumulated home equity. Unlike a traditional home [...]
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Jennifer Sawday, an estate planning attorney in California, has a great post about the issues involved in owning property with a significant other. If you own property with the other person as “joint tenants”, there is a right of survivorship. This means that when one of you dies, the other will automatically own the entire [...]
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Seniors, and their families, who are researching housing options may see different terms describing the residences. Assisted Living Residences and Continuing Care Retirement Communities are two of these options. What do these terms mean, and how do you know which is right for you? Assisted Living ResidencesAssisted Living Residences (ALRs) provide a combination of rental [...]
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