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Real Estate
The Real Estate Adviser |
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June 17, 2004
The Real Estate Adviser: A reverse mortgage reverses foreclosure
By TOM KELLY
Special to the Journal
Special to the Journal
Marjorie Bristow heard about reverse mortgages years ago but the 76-year-old Sequim resident had no idea the financing option for older homeowners would be the answer to her property problems.
“It's a long, hairy story but this thing really bailed me out,'' said Bristow of the reverse mortgage that allowed her to stay on her curious, two-acre parcel four miles west of the popular banana-belt town. “Just how much time do you have to listen?”
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Previous columns:
- The Real Estate Adviser: Third-party providers: is that 'free' lunch OK?, 06-10-2004
- The Real Estate Adviser: 'Mother' of master planned communities is turning 30, 06-03-2004
- The Real Estate Adviser: TICs are new wrinkle in property exchanges, 05-27-2004
- The Real Estate Adviser: Reverse mortgages may cover care costs, 05-20-2004
- The Real Estate Adviser: Boomers can fool housing developers, 05-13-2004
- The Real Estate Adviser: What do baby boom homebuyers want?, 05-06-2004
- The Real Estate Adviser: Picking retirement spot? New book is for you, 04-29-2004
- The Real Estate Adivser: Homebuilders puttin' on The Ritz, 04-22-2004