Reverse Mortgages For Those In Foreclosure...

Are you 62+ and in foreclosure? Have equity or no idea?

   Pending on the equity available in your home, a RM may be the ideal mortgage for you or your loved ones facing foreclosure. I will work with them to determine approximate current value of the home, work with the bank who holds the current mortgage or lien holder if a tax certificate is in place.

   Now is a good time to reach out for additional information. I will answer your questions either by phone, email or in-person. I do have a RM booklet to email as well.

   Although I Am certified in NJ and PA only at this time, I can help you identify a knowledgeable person in any state. Now is the time to be pro-active in your or your loved ones financial health. 

   NO pressure sales or insurance is involved, just information to help you make a considered and informed choice.

Reverse Mortgages Are They For You Or Your Loved One(s)???

Hello there... are you or a loved one 62+ wondering how to get along with the ever rising cost of living, property taxes, home repairs, credit cards and on and on and on... You know the deal, social security and pensions have not kept up with ones basic needs.

A reverse mortgage might be for you in the following situation:

1) Your fixed income is gradually eating away at your lifestyle;
2) Bills and credit obligations cramping your lifestyle;
3) You are finding it difficult to pay your mortgage, taxes and insurance?;
4) You have no other sources or family to help out?;
5) Home repair projects which just costs more than you have available, or;
6) Unexpected medical expenses

Some things you may not know about reverse mortgages:

1) You continue to own your home and have no mortgage payments you must keep taxes, insurance and HOA current;
2) Although interest accrues to the principal, you will never owe more than what your home can be sold for;
3) There are five options to receive payments;
4) The amount of cash you can receive is based on age, equity in the property, current interest rates and appraised value;
5) Foreclosures and BK's are fine (not credit qualifying);
6)  If you are in or in danger of foreclosure, a reverse mortgage may be able to help save it;
7) Your heirs can still inherit your home; and
7) You can use a reverse mortgage to purchase a home!

What are your thoughts?

Please post, email or call with any questions you may have on this. I Am more than happy to answer them and make sure you have all the information needed to make a sound decision.

Thank you again...

Samuel Stovall
Reverse Mortgage Specialist
Retiring In Comfort
Ewing, NJ 08628

Welcome ....

To the first of many posts! I will discuss things I Am working with, challenges encountered and any resolutions (favourable or unfavourable) so you, the reader can have a great idea of what is going on in the world of financing, that is real estate (residential and commercial) and business.

If you have any questions or want something discussed, please drop a line and let me know. Feel free to respond with your comments and thoughts as well. I welcome the interaction and feedback.

My first writing will be about foreclosures and loan modifications. Please watch this space for this posting. If you have questions in advance of the post, please let me know them as well.

Here goes to a productive and informative relationship for us all.. and thanks for reading.