Reverse Mortgages & Crisis on Wall Street
A Reverse Mortgage is a contract between a property owner, who is the borrower, and a lender. These contractual relationships extend decades into the future and so must incorporate even the impossible to protect the rights and interests of the property owner whatever the future holds.
Today's headlines about the fall of Lehman Brothers and the Crisis on Wall Street would have seemed impossible a few years ago:
Among the 25 topics introduced in Chapter 7: "What Am I Signing?" as essential to a reverse mortgage agreement which protects the property owner, is "Lender Bankruptcy." Lenders will always assure you that this possibility is impossible, but wouldn't you like to understand "what if?" in view of the current financial crisis and its international repercussions? After all, it's your home and equity that is involved, not theirs.
Savvy reverse mortgage borrowers do not want any unpleasant surprises during the decades-long reverse mortgage agreement. The more aware you are of essential "what ifs" in a contractual agreement, the better able you'll be to protect your own interests and to be sure your legal and financial advisors do, too.
Onward & Upward
PJ Wade "The Catalyst"
Reverse Mortgages: Best Friend, Worst Enemy...Your Choice!
Published by the online publishing house Catapult Publishing
To provide easy access for readers in every corner of the country, this book is available online in two formats.
Today's headlines about the fall of Lehman Brothers and the Crisis on Wall Street would have seemed impossible a few years ago:
- CNN's headline reads "AIG falls 42% in cash scramble: Nation's largest insurer races to raise capital after being hit by credit raters"
- The New York Times proclaimed "Wall Street in Worst Loss Since '01"
- The Globe and Mail's Report on Business explains the repercussions: Toronto shares slide again
Among the 25 topics introduced in Chapter 7: "What Am I Signing?" as essential to a reverse mortgage agreement which protects the property owner, is "Lender Bankruptcy." Lenders will always assure you that this possibility is impossible, but wouldn't you like to understand "what if?" in view of the current financial crisis and its international repercussions? After all, it's your home and equity that is involved, not theirs.
Savvy reverse mortgage borrowers do not want any unpleasant surprises during the decades-long reverse mortgage agreement. The more aware you are of essential "what ifs" in a contractual agreement, the better able you'll be to protect your own interests and to be sure your legal and financial advisors do, too.
Onward & Upward
PJ Wade "The Catalyst"
Reverse Mortgages: Best Friend, Worst Enemy...Your Choice!
Published by the online publishing house Catapult Publishing
To provide easy access for readers in every corner of the country, this book is available online in two formats.
- Review the complimentary 21-page PREVIEW PDF
- Purchase the Ebook version for immediate DOWNLOAD
- Order your copy of the print version
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