A reverse mortgage is a complicated business. Basically, it is a loan that allows senior homeowners ages 62 and older to convert the equity in their homes into cash, which can then be paid to the homeowner in accordance with several different options (see below); the home’s equity is used as collateral. The borrower or his/her
There is no shortage of things for which a person can be grateful. Yet, I am sure, like me, most people are guilty of taking so many things for granted. As Oprah Winfrey famously said, “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have
Every time my brother-in-law visits Israel, we grab a few hours — and a few books about Jerusalem’s neighborhoods and streets — and off we trek to different sections of Jerusalem to learn about the people whom the streets were named after. This is the second installment in a series of articles discussing the
What does the world of wrestling have in common with the world of interior design? Actually, quite a lot. In fact, just for fun, I looked up the definition of wrestling and its description read like this: “A sport in which two competitors attempt to unbalance, control or immobilize each other by various holds and
The yearly end of Daylight Savings Time brings with it the reminder that it is time to prepare your home to survive the onslaughts of the winter months. In addition to what must be done by people who will occupy their homes during the winter there are added procedures and concerns for those who will not be on the premises at this
As temperatures drop, people all over the country are getting ready for cold snow and warm holiday cheer. While eggnog and mistletoe sales go up this time of year, the housing market generally hits a slump during the winter. This is especially true in northern states, where the cold seriously affects buying
Between this contentious election season and the plunge into darkness from daylight savings time, I, for one, would like to curl up into a ball right now. With the changing of the guard, uncertainty is afoot. Craving a feeling of safety is pretty everyday stuff for most of us, but when life throws me for a loop, I take
Even the most wonderful, accurately priced homes in the best locations do not always sell quickly. Sometimes, the reasons are beyond the seller’s control because a local market may be experiencing the impact of economic forces over which the individual seller has no control—for example, if the economy is in recession or if a
The funny thing is I was having this exact conversation with clients recently. They had just bought a new house and told me about the furniture they were bringing from their old house. Actually, it was more like lamenting. They explained at great length that they had to keep this set of chairs because they were so expensive but
Winter is coming, and there’s nothing any of us can do about it. If only frigid temperatures brought as much joy as summer sun, a new season of “Game of Thrones,” or heck, even the sandwich you just scarfed down between meetings at work. Unfortunately, the season of oversized parkas and “wintry
What should I expect in a rental?
First you need to ask yourself a few questions. Are you relocating and, if so, for how long? Are you testing out a neighborhood or are you unsure you can afford to buy a home?
You need to determine
Several years ago, a fine gentleman whom I had placed in a co-op sublet decided that he wanted to buy a co-op apartment of his own. We found the perfect place: a lovely, large Jr. 4 apartment in a doorman building, complete with terrace and great views. “I want to bid on this!” he exclaimed. “My dog and I will just love it