Reverse Mortgage in Florida – Shipp Law Legal Blog

He is among the few florida lawyers certified in Elder Law by both the Florida Bar and the National Elder Law Foundation. He has practiced law in Florida since 1977 and is also admitted to practice in New York. Learn more about the Karp Law Firm team and services at The Karp Law Firm Website. or call us at 800-893-9911.

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Reverse Mortgage in Florida – shipp law legal blog edward james Hershewe’s Litigation Legal Blogs. Basically, a reverse mortgage allows older homeowners (62+) to transfer part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment. The reverse mortgage is well named because the method of payment is reversed.

 · It seems that one of the most popular questions we get is what happens with my reverse mortgage and my home after death. The reverse mortgage is intended to be the last loan that borrowers will ever need, so this is a question many homeowners and their heirs have on their minds as many of them intend to keep the loan and the home for life.

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Florida Medicaid planning – an ultimate guide for seniors facing the uncertainty of long term medical care costs. The area that most involves a high level of legal involvement for Floridians is Florida Medicaid planning because it is “need based” and has “spend down requirements”.. If proceeds from the reverse mortgage are kept.

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How did this happen? What about the statute of limitations? I am a single residing in Florida. About 16 years ago i defaulted on a car loan, (divorce). A month ago i received a letter from a lawyer.

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Reverse Mortgage Borrowers Face New Rules Effective October 2, Posted by Joseph S. Karp, Certified Elder Law Attorney. Blog Archive.