http://reversemortgagedaily.com/2007/06/05/senior-condo-community-niche/ Reverse Mortgage News and Information Fri, 29 Aug 2008 04:50:42 +0000 http://wordpress.org/?v=2.3.1 http://reversemortgagedaily.com/2007/06/05/senior-condo-community-niche/#comment-5773 Ingrid Hohe Sun, 17 Aug 2008 06:31:47 +0000 http://reversemortgagedaily.com/2007/06/05/senior-condo-community-niche/#comment-5773 Someone told me tonight that condo owners do NOT qualify for reverse mortgages in California. I live in and own a condo in a 4 unit building in San Diego and my father was a Real Estate Broker for 40 years and told me that I could do a reverse Mortgage when I turned 62 and I would be ok. I am divorced and have a disability. I hope to collect Social Security at 65. This really scared me as I have depended on this as a safety valve. I will not have any retirement but have paid my condo down to $83,000 and it is probably worth $700,000 at the beach. Could you give me accurate information whether I will qualify as a condo owner. I have owned my condo for 15 years. Thanks Ingrid Someone told me tonight that condo owners do NOT qualify for reverse mortgages in California. I live in and own a condo in a 4 unit building in San Diego and my father was a Real Estate Broker for 40 years and told me that I could do a reverse Mortgage when I turned 62 and I would be ok. I am divorced and have a disability. I hope to collect Social Security at 65. This really scared me as I have depended on this as a safety valve. I will not have any retirement but have paid my condo down to $83,000 and it is probably worth $700,000 at the beach. Could you give me accurate information whether I will qualify as a condo owner. I have owned my condo for 15 years.
Thanks
Ingrid

]]> http://reversemortgagedaily.com/2007/06/05/senior-condo-community-niche/#comment-1619 Reverse Mortgage Daily « Retirement Planning with Reverse Mortgages Wed, 06 Jun 2007 15:49:19 +0000 http://reversemortgagedaily.com/2007/06/05/senior-condo-community-niche/#comment-1619 [...] Mortgage Daily I have recently been introduced to a daily blog called The Reverse Mortgage Daily. For anyone that is interested in looking at many of the aspects of reverse mortgage, from an [...] […] Mortgage Daily I have recently been introduced to a daily blog called The Reverse Mortgage Daily. For anyone that is interested in looking at many of the aspects of reverse mortgage, from an […]

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