Avoiding Foreclosure of a Reverse

Dave By Attorney David A. Myers


A reverse mortgage can be an excellent tool for some older adults. It allows borrowing from the equity in one's home to supplement one's living needs, it requires no repayment until the homeowner either dies or moves out, and it limits the repayment obligation to the proceeds of the home sale (i.e., no personal repayment responsibility if sale proceeds are insufficient to retire the debt). If the owner moves out, he must notify the lender within two months. If the move is due to mental or physical illness, then the absence must generally extend to twelve months before a "default" occurs.


What can be done to avoid foreclosure after default?


From Our Blog: International Sexual Predator Met Through Online Game
Do you play games on a smart phone or a tablet, using a gaming system, like a Wii or PlayStation, through Facebook, or via a computer?   It is amazing to live in today's society. We can play games with people through any of the above devices anytime, anywhere, and in any place - all we need is an Internet connection. The other gamers can live down the street, in a neighboring county, somewhere in another state, and even in other countries. Given that, how many of us intimately know or even casually know the people with whom we are playing games?


Here are a few questions to ponder:


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May 2014 Issue 



In addition to her Social Security Disability practice, Attorney Mary McKee is now focusing on helping people with disabilities and their families plan for their future needs, including special needs estate planning, guardianship, and transition planning for public benefits. 


Don't miss Mary on WOBL 1320 and WDLW 1380 on Tuesday 6/3 around 3:00 p.m.  She will be interviewed about her son, who has Down syndrome, and his experiences at Murray Ridge School.




Upcoming Events


How to Structure Spousal Support When Medicare, Medicaid and Social Security Are Involved

Friday 6/13, 9:30 a.m. - 10:30 a.m.

OSBA Family Law Institute

Speaker: Attorney Janet L. Lowder

Click here for details

Funding Alternatives for Children with Special Needs
Wednesday 6/18, 2:00 p.m. - 3:00 p.m.
Milestones Autism Spectrum Disorder Conference
Speaker: Attorney Franklin J. Hickman
Click here for details



Sonja's Suggestions

Topics trending in the reception area of our Cleveland office. 


Greetings!  Warmer weather has finally arrived and folks in our reception area are feeling a bounce in their step.  So let's celebrate the season that is providing us with some exuberant energy by dancing!  Yes, dancing.  It's a good form of exercise, a lot of fun, and a great way to go out and socialize with your friends and family.  This winter kept many people cooped up in their homes, so this will be the perfect way to get out and shake the winter blues away.


A few suggestions:


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Turning Your Obstacles into Opportunities

1300 E. 9th Street, Suite 1020 . Cleveland, Ohio 44114
Phone: 216-861-0360 . Fax: 216-861-3113

5062 Waterford Drive . Sheffield Village, Ohio 44035
Phone: 440-323-1111 . Fax: 440-323-4284

Email: Info@Hickman-Lowder.com
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