 Removal of personal property from a rental property? |
| I had bought and installed a chainlink fence around the front yard of the house I'm renting. Now the owner has filed bankruptcy and the house has been sold. I want to take my fence with me ... |
|
 I'll be 18 august 24 2008? |
| i plan on moving out in November during thanksgiving holidays while i'm not in school. i plan on getting a 3 bedroom apartment it will be me, my boyfriend, my friend, and his little sis moving ... |
|
 Major problems with house sale!!!!!!!! Please help.? |
I have sold my house. Offered on the one I want.
The first time buyers came back to me and got me to reduce the price (after the survey) I didn;t want to but because I want the other house did ... |
|
 Can anyone help me ? |
Hi i was thinking of renting a house but the thing is they are really expensive, How do people afford to live in a rented house these days and have money left for bills.
The thing is I dont ... |
|
 I am a Realtor and have been feeling very fatigued and unmotivated as of lately, it seems like I am following? |
| a viscious cycle of closing 1-3 transactions and falling back on the reserves and only working hard when I begin to have a 3 moth supply of income, what is wrong with me and what can I do to always ... |
|
 Ghost/ in my house? |
| Where can I go to check out the history of the house and the former tenants. From what my wife says the former owners, a husband and wife. the husband died in the house. Now even our guest claim to ... |
|
 My grandmother wants to purchase a home and use my income along with hers. Need Advise? |
| My grandmother would like to purchase a home and use my income along with hers. She has a good credit score but income needs a boost. Will the mortage loan also go on my credit report?... |
|
 When will the low paid english person be able to buy affordable housing in uk with a standard mortgage? |
| I am an englishman, but low paid, the housing in the UK is so highly priced now that the common man can now no longer afford to "get on the ladder". I work hard and many companies are owned ... |
|
| Is it true that recently built houses are not as good as old houses? |
| I read somewhere that those properties built from 1990s onwards are not as sound and good as older ones. Is it true or is it a myth? How can a new house be inferior to a Victorian house?... |
|
 Should we take a lodger in because we are really broke? |
We could go into arrears if we don't do something.
This was my wife's idea ,as when she quit her job
last year to go abroad for an operation and extended
holiday with ... |
|
 Can you give me your honest opinion? |
Our house is for sale - can you tell me what you think - is it worth the price - do you like it - changed needed?
Thanks so much!
http://www.realtracs.com... |
|
|  |
anteater 69 | Reverse Mortgages are not available to me until I am 62 years old. Is this age discrimination? Why not? |
Equal protection under the law and other American principles should allow adults of any age to participate in any economic activity. I wonder if this has ever been challenged legally. |
 |
 
Joe Cool
|
By your reasoning, a bankrupt 22 year old should be allowed to purchase stocks on credit. This is not age discrimination anymore than Social Security when you hit 62 is. This is part of the great stew/jig saw puzzle called balancing the economy. If we can get the retirees to care for themselves, then it costs everybody less. And naturally, banks participate because it is to their fiscal advantage. |
|
Byron W
 |
Very interesting question! I am an attorney and owner of the website http://www.reversemortgagepage.com and think that age discrimination arguments are very weak. Moreover, age discrim falls under strict scrutiny, but there is an overwhelming purpose for this. Keep house-rich cash-poor seniors in their homes. I agree with the other poster who drew social security comparisons. |
|
escpforever
|
I don't think it would be considered discrimination because the required age (i don't know what age) to qualify for reverse mortgage is the same for everyone. If you met the age requirement and they said no, then it may be discrimination depending on the circumstances. |
|
scary g
|
A privatley owned company, or public corporation can do business as they wish. Under your concept of equal protection, I should be able to come to your house and make you sell me your garage, just because you put up a sign that said "garage sale". Business' have the right to determine how they do business. |
|
limgrn@sbcglobal.net
|
Reversed Mortages are basically you selling your house to the lender. They then are paying you a monthly sum and allowing you to still live in the house until your death. At that time the house transfers to them and they can do what they like with it. It's not discrimination, it's a product DESIGNED for older homeowners. |
|
greenshirt
|
Why don't you just get a home equity loan. It is the same thing except you will receive the loan in a lump sum, the reverse mortgage is paid in monthly installments. |
|
sexytrojan
|
It's not discrimination.
It's a benefit for those who aer on their deathbeds and have their houses paid off (actually, a scam in my opinion). |
|
Pay No Taxes For Life
 |
To be eligible for a HUD reverse mortgage, HUD's Federal Housing Administration (FHA) requires that the borrower is a homeowner, 62 years of age or older; own your home outright, or have a low mortgage balance that can be paid off at the closing with proceeds from the reverse loan; and must live in the home.
This is HUD's (Housing and Urban Development) program. You would need to fight your battle in Federal court, against the US Federal Government if you believe you could win.
This is similar to VA loans, if you are not a veteran you do not qualify.
http://www.hud.gov/offices/hsg/sfh/hecm/rmtopten.cfm
You may find additional helpful information at www.paynotaxesforlife.com |
|
rlanicek
 |
Limgrn_maria's response is a common misconception. The house does not transfer to the lender. The house still belongs to the estate, just like always. The heirs can choose to sell the home or refinance the reverse mortgage, just like a regular mortgage.
You do not get monthly payments only. You may also choose a lump sum or a line of credit.
Now, to answer the original question: I suppose you'd have to challenge Social Security and the federal regulations governing retirement plans, since they also age discriminate.
Rick
http://www.homepropertysolutions.com |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 16 minutes(s) ago
| | | |
9 | 20 minutes(s) ago
| | | |
9 | 57 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
6 | 2 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
8 | 1 week(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 3 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
