Thursday, February 20, 2014

Explaining Reverse Mortgages

Retiring on the House: Reverse Mortgages for Baby Boomers gives a good explanation of how reverse mortgages work and the implications for survivors once the last borrower has died. Lisa Prevost's February 13, 2014 article provides a succinct list of issues faced by the heirs. It is a good choice for assigned reading for students to start their understanding of the topic.

http://lawprofessors.typepad.com/elder_law/2014/02/explaining-reverse-mortgages.html

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