My two year old daughter is showing a tremendous nascent interest in making music. She sings constantly . She uses her hands as percussion all the time on her knees, on the table, and anywhere else she can use them. She climbs up to our keyboard and attempts to…

The expected market time for foreclosures in Orange County is ”a mind numbing 1.14 months, a deep seller’s market,” says Steve Thomas of Altera Real Estate in his bi-weekly analysis of  local real estate. Foreclosures make up 33% of the housing inventory in the county. Thomas says: “Foreclosures remain the hot ticket.…

You may notice a few changes on our blog over the next week or so.  I realize that there are a few missing links and contributors, but this is still a work in progress. Just didn’t want anyone thinking we were sitting around on the job. If you have…

Before signing on the dotted line, you need to know whether there are disadvantages to a reverse mortgage. It’s important to realize that reverse mortgage lenders are in business to make as much money as possible. The loan that you have taken out is secured by your home until…

A couple of articles tonight that fit together with my earlier post: Housing: A Tale of Boom and Bust and a Puzzle The puzzle is when the banks will start moving ahead with distressed sales (foreclosures and short sales). First David Streitfeld at the NY Times writes about the Treasury’s…

The Financial Times reports: Big bank oversight to stay with Fed Chris Dodd … is set to propose this week that the 23 largest institutions stay under the Fed’s oversight … At issue … was the regulation of several hundred state chartered institutions that also want to remain under the…

The process in obtaining a reverse mortgage may not be that easy. What Is The Process In Obtaining A Reverse Mortgage? There are several different ways to go about obtaining a reverse mortgage. You can generally talk about a respectable reverse mortgage rate that has a six percent interest…

What is a set aside for a reverse mortgage? What are some of the related costs of getting a reverse mortgage? Do all reverse mortgages have these fees? When you receive a reverse mortgage there is an amount set aside for the maintenance of your account. Lenders, under federal…

Reverse mortgages appear to be more popular today than ever and many seniors are using this option to better their lives, improve their finances and pay for medical costs. So , how common are reverse mortgages? What Is a Reverse Mortgage? Reverse mortgages in the past were often viewed…

Why does a reverse mortgage counselor advise me not to get the loan? Can I go against the wishes of my counselor? Who gives reverse mortgage counseling? A reverse mortgage counselor is instructed to review several contingencies prior to recommending a reverse mortgage. They must verify if the applicant(s)…