Home Equity and the Retirement Crisis

The constant consternation played out by retirees over the Home Equity Conversion Mortgage (HECM) is bewildering. People choose to struggle in retirement by completely ignoring the fact that they have equity in their home. Unlocking the equity in the home can greatly benefit the homeowner and make it possible to “age in place” more comfortably. A recent AARP Survey concluded that 76% of older adults prefer to age in place. Ultimately there is an impending

Is Paying your Property Tax Bill a Hardship?

Senior Citizens having trouble paying real estate taxes can apply for the Senior Citizen Tax Deferral Program. This program allows qualified Illinois residents to defer up to $5000 of the property taxes on their personal residence, giving seniors the financial freedom to remain in their own home. Deferred taxes are repaid with low interest when the property is sold or following the taxpayer’s death. Qualifications: Be 65 or older by June 1st, 2018 Annual household

Home Equity and the Retirement Crisis

The constant consternation played out by retirees over the Home Equity Conversion Mortgage (HECM) is bewildering. People choose to struggle in retirement by completely ignoring the fact that they have equity in their home. Unlocking the equity in the home can greatly benefit the homeowner and make it possible to “age in place” more comfortably. A recent AARP Survey concluded that 76% of older adults prefer to age in place. Ultimately there is an impending

Taking Away Mom’s Car Was Tough Enough, but Now the Computer?

In the past few years, scams of senior adults utilizing social media have skyrocketed according to law enforcement and social service agencies resulting in significant amounts of much needed financial assets being lost with little or no chance of recovery. “It is an epidemic targeting the most vulnerable, who also happen to control 70% of the nation’s wealth,” says Julie Krawczyk, Director of the Elder Financial Safety Center, a collaboration of The Senior Source, Dallas

Can I Preserve Assets and Still Qualify for Medicaid?

Meet Charlie and Fran.  They have three children, 9 grandchildren and 3 great grandchildren.  They have worked hard and enjoy life on their small family farm.  This place is important to their entire family.  As they age, they realize that if either one of them needs Long Term Care, that their property and other assets could be at risk. They need accurate information they can trust so that if Long Term Care needs come on

The DiDi and Joan Team: Senior Real Estate Experts

The DiDi and Joan Team is a real estate team with Coldwell Banker Residential Brokerage. DiDi and Joan provide attention to detail and an unwavering commitment to your real estate needs. This team has a deep respect for their clients and fully understand the emotional elements that are present when buying and selling real estate, especially in regard to seniors. DiDi and Joan will be there every step of the way, from understanding the desire