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Everything You NOW Need to Know About Reverse Mortgages: Learn the Updated Rules and Their Use as Financial Planning Tools
DVD
Member Price    $50
Non-Member Attorney Price    $75
CD
Member Price    $50
Non-Member Attorney Price    $75
For affirmation quantities greater than 100, please contact
the CLE Institute for customized pricing options.

Course ID: DV021214

Credits: 2 NY Credits
2 NY Credits: 1 PP; 1 Skills; Non-transitional

Faculty:

Alfie Schloss, Associated Mortgage Bankers (AMB); Kevin McMullen, Esq.

Description:

Learn from an expert in the field the real facts behind
reverse mortgages. Understand the rules, who qualifies, the advantages as well
as who should not apply for one.
Hear how recent changes effective September 30, 2013 have impacted the
viability of reverse mortgages and transformed them into a true
financial planning tool.



Some of
the topics to be discussed include:

- Background of reverse mortgages



- What is a reverse mortgage?



- Options and eligibility

- Obtaining the funds and what they can and
can't be used for



- Process of getting a reverse mortgage:
application: eligible properties; trusts and life estates; underwriting;
closing; funding and servicing



- Pitfalls of reverse mortgages



- Alternatives to reverse mortgages



- Advanced uses of reverse mortgages


 

Original Tape Date: February 12, 2014

All Programs include: (1) Affirmation and (1) DVD/CD packet.

To receive CLE credit for program on DVD/CD: DVD/CDs are embedded with CLE codes that you must copy onto a supplied affirmation sheet. Return the signed and dated affirmation to the NYCLA CLE Institute to be issued a CLE certificate. We recommend that you watch/listen to DVD/CDs as soon as possible. We can only issue CLE credit if the law is still current. The date of your signed affirmation will determine the date of your CLE certificate.

Course Materials: DVDs have a PDF file of the course materials on the DVD itself. CD orders will come with a separate CD with a PDF file of the course materials. Written materials provided only upon request.

 

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