Ask Phyllis: a blog series of frequently asked real estate questions.
Reverse Mortgage Confusion
Dear Phyllis,
I enjoyed reading your column and have learned a lot about reverse mortgages. I have moved in with my parents, who are in th...
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...
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 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...
How do you determine if a reverse mortgage is the right option for you? It really depends on your circumstances and needs. Many of us have different retirement goals. More and more seniors are opting to "age in place". This sometimes requ...
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...
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...