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Real Estate
The Real Estate Adviser |
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April 17, 2008
The Real Estate Adviser: Reverse mortgage options expanding
By Tom Kelly
Special to the Journal
Special to the Journal
The soft national housing market and chaotic mortgage environment has sent lenders and investors back to the drawing board in an effort to come up with new ideas and alternatives to corral new business.
The latest niche product designed to tap the billions of dollars of equity tied up in seniors' primary residences has spread not only to second homes but also to residential rentals and commercial properties.
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Previous columns:
- The Real Estate Adviser: Foreign property sellers target the baby boomers, 04-10-2008
- The Real Estate Adviser: Foreclosure tax relief only on 'original debt', 04-03-2008
- The Real Estate Adviser: Don't like that property tax bill? Then appeal it, 03-27-2008
- The Real Estate Adviser: When is a storage unit a second home?, 03-20-2008
- The Real Estate Adviser: Reverse mortgage may be option to foreclosure, 03-06-2008
- The Real Estate Adviser: IRS allows personal use in tax-deferred exchanges, 02-28-2008
- The Real Estate Adviser: Should you pay off second-home loan?, 02-21-2008
- The Real Estate Adviser: Union members may get help on mortgage, 02-14-2008