Levitt & Slafkes is proud to announce that on November 7, 2016, attorney Bruce Levitt will be leading a continuing legal education webinar on the subject of reverse mortgages. Together with attorney Victor Medina of the Medina Law Group, these two attorneys will share their expertise in the area of reverse mortgages and share valuable insight on advising clients on reverse mortgages. To register for “Reverse Mortgages: Forwards and Backwards,” click .
Reverse mortgages allow seniors (62 and over) to borrow money they can use for living expenses, vacations or other purposes without requiring monthly payments. While no payments are due while the senior is living, his death may result in the proverbial lender’s “knock at the door” and a flood of extra expenses.
A lot has changed for the reverse mortgage industry in the past few years. For the first time in what seems like a long time, there aren’t any major program updates looming on the horizon. And now that the industry has adjusted to the brunt of new rules and processes, in what has been year after year of adaption, it seems like 2016 may finally signal a return to normalcy, at least to some degree.
This webinar pairs the mortgage foreclosure expertise of Mr. Levitt with the estate planning expertise of Mr. Medina to explain what a reverse mortgage is, and how to advise clients on the ramifications of these financial tools. This webinar will offer a brief history of the Home Equity Conversion Mortgage, and review both the risks and benefits, particularly as related to other family members. While reverse mortgages have a purpose, they also come with their own unique set of considerations.
Come join attorney Bruce Levitt and learn the latest reverse mortgage updates, how a reverse mortgage can impact inheritance, the role of a lawyer in obtaining a reverse mortgage and more. This webinar is a “must attend” for attorneys counseling clients on the advisability of getting a reverse mortgage to fund their golden years.
Our attorneys help clients throughout New Jersey decide whether a reverse mortgage can work for them. If you are struggling with how to pay for retirement and think that a reverse mortgage may be right for you, we can help. Now is the time to schedule a free initial consultation at Levitt & Slafkes, P.C. Contact our attorneys by filling out the form or by calling 973-323-2953 to schedule a free initial consultation.