Reverse Mortgages in California
The Reverse Mortgage business has changed a lot over the years. Reverse mortgages at one time had a pretty spotty track record, but today things are different. Instead of insurance companies offering reverse mortgages as in the past, they are done by banks and other traditional lending institutions. In this episode of the Southern California Real Estate Answer Man Show, I took a suggestion from one of my listeners named David. David had a question about selling a home where he is an executor of the estate, and the home had a reverse mortgage on it. His question was weather or not he could sell the home and hope to have some equity left over for the heirs. That question is just one of the questions I have for my guest, Debbie Lee of Retirement Funding Solutions in Simi Valley California. We discuss...

Who is Eligible For a Reverse Mortgage?
What types of Property Can a Borrower Get a Reverse Mortgage on?
Why do Reverse Mortgages Have Such a Bad Reputation?
How Old Do You Have To Be To Get a Reverse Mortgage?
Are Reverse Mortgage Plans All The Same?
What Type of Person Gets a Reverse Mortgage?
Do You Have to Live on The Property?

These questions and more are discussed in the following podcast. To contact Debbie Lee of Retirement Funding Solutions... Website:  http://rfslends.com/debbie-lee-california-reverse-mortage/ Phone #  805-402-0176 or http://www.debbielee.com