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Be Careful About Putting Only One Spouse’s Name on a Reverse Mortgage

 · How to Add a Spouse to a Deed. If you’ve recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you.

Reverse mortgage to one spouse only.. Title to this house is in my name only, as I inherited it from my parents, but it is our homestead.. a reverse mortgage may only be made to a home owner.

Evelyn Cronk is facing a big aged care bill for her husband Graham Jones.Credit:Pat Scala She married in later life and the house and other assets are in her name. Even as a protected. are a line.

We’ve put together the pros, cons and hows of this increasingly common financial product in one place to make the learning process a bit easier. As the name implies. end of the day, the only way to.

 · Be Careful About Putting Only One Spouse’s Name on a Reverse Mortgage. 11/14/2018 0 Comments A recent case involving basketball star Caldwell Jones demonstrates the danger in having only one spouse’s name on a reverse mortgage. A federal appeals court has ruled that an insurance company may foreclose on a reverse mortgage after the death of the.

"Many people in this situation, where one spouse is not listed on the reverse mortgage, are in jeopardy of losing their homes," says aarp foundation senior attorney jean Constantine-Davis. What it means to you: Consider a reverse mortgage carefully. If you seek one, make sure the names of both spouses are on the documents.

With the aging population becoming increasingly tech savvy, the Social Security Administration (SSA) has moved a lot of services online. From applying for social security benefits to replacing a card, the SSA has online tools to help.

Using a Reverse Mortgage to Buy a Home We all have different financial circumstances, so a one-size retirement doesn’t fit all. Many retirees achieve comfortable middle-class retirements with only a few hundred. home-equity line of.

Grace Anne Glavin – A Review Grace Anne Glavin – A Review. By Grace Glavin. On July 21, 2011. handling cases related to real estate, family law, probate, estate planning, immigration, business litigation and commercial litigation requires a high level of expertise and experience. It takes a reputed lawyer with knowledge of.

So, if your spouse is considerably younger than you, you’ll get less money with a reverse mortgage if you include him or her as a borrower on the loan. For this reason, mortgage brokers sometimes advise homeowners to quitclaim a property to the older spouse and leave the younger spouse off the mortgage to increase the amount of the loan.

Imprisoned O.J. Simpson Faces Foreclosure Imprisoned O.J. Simpson Faces Foreclosure It may or may not come as a surprise to any of the children who might care that the celebrity real estate gossip grapevine is all abuzz and atwitter today over the news that once beloved but now.Florida judge dismisses lawsuit against property appraiser – Appraisal Buzz Property owners who would like to appeal their property tax assessments are faced with two choices in Florida – they can file a petition to the county value adjustment board or they can file a lawsuit in circuit court.