Tag: senior homeowners
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Quitclaim Deeds and Senior Homeowners: Convenience with Caution
When someone wants to know which kind of document makes it easy to pass real estate ownership, the quitclaim deed comes to mind. Convenient? You bet. And quite often, this convenient document is the senior’s deed of choice. This is because so many seniors decide, at some point in their lives, to transfer their homeownership…
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Meanwhile, in Ohio…Seniors Get Warnings of Deed Wholesaling Scams
In Ohio, seniors are being warned of unexpected offers from real estate marketers who want to buy homes. The state’s Real Estate and Professional Licensing body as well as the Department of Aging and Richland County are all working to warn deed holders about the growing problem of wholesaling schemes. Older homeowners are impacted the…
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Older Adults, Look Out for These Two Common Deed Bloopers
What are the most common fumbles older adults make with deeds? Let’s take it from the top.
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Reverse Mortgage Problems: When to Stay, and When to Walk Away
Reverse mortgages are designed for senior homeowners. They’re advertised as a super power available to longtime deed holders. The idea? When you’re low on cash, tap into your many years of equity-building. Draw financial strength from your property’s value. Sounds good, and yet pitfalls await the unwary. Reverse mortgages allow borrowing to increase, and home equity…
