Tag Archives: HUD

Reverse Mortgages Are a Good Thing For the Right Homeowner

Written by: - April 10, 2009

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Reverse Mortgages Are a Good Thing For the Right Homeowner

I hear people say all the time, ?Oh, a reverse mortgage? I’ve heard those are bad,? or some variation. I?d like to tell you why they can be a lifesaver for the right person. First, Who Is Not Right for a Reverse Mortgage For instance, my parents are debt free, and pay for everything in […]

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HUD Neighborhood Stabilization Program Not So Stable

Written by: - March 2, 2009

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HUD Neighborhood Stabilization Program Not So Stable

The City of Chicago Department of Community Development put on an informational meeting last Friday for residential developers to learn more about the city’s strategy to acquire and rehab vacant and foreclosed properties to get them back into productive use. Here is a little background:  In July, Congress approved a new Housing and Urban Development […]

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