Reverse Mortgages

What to Consider When Downsizing

When looking for a real estate agent to assist with a downsizing move, there are several qualities and considerations to remember. Phyllis Harb, a certified Senior Real Estate Specialist (SRES), is a valuable resource for seniors contemplating...

Seller Options When The Appraisal Comes In Low

Trustee selling off market

Ask Phyllis: a blog series of frequently asked real estate questions. Email us here Trustee selling off-market Dear Phyllis, My mother recently died, and I am the sole trustee of her estate. My three siblings and I are the beneficiarie...

Reverse Mortgage Solutions

Reverse mortgages can be complicated, but let's take a brief look at reverse mortgage solutions: Within 30 days of the borrower’s passing, the heirs are required to notify the reverse mortgage lender of their intent to pay off or sell. Then...

Reverse Mortgage Pitfalls

Reverse Mortgage Pitfalls Ask Phyllis is a blog series of frequently asked real estate questions. Have a question about real estate? Email us here Dear Phyllis, Years ago, my parents obtained a reverse mortgage; my father passed fi...

Reverse Mortgage and Foreclosure

Is a reverse mortgage more foreclosure-prone? Last month, I closed escrow on a San Fernando Valley foreclosure. The former owner obtained a reverse mortgage. When there is a reverse mortgage and the owner passes, the estate has six month...

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