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Reverse Mortgages: A Financial Planning Device For The Elderly, 1 Elder L.J. 75 (1993), Celeste M. Hammond
Reverse Mortgages: A Financial Planning Device For The Elderly, 1 Elder L.J. 75 (1993), Celeste M. Hammond
Celeste M. Hammond
An analysis of the merits of reverse mortgages from individual and public policy perspectives is the subject of Professor Hammond's article. She argues that the elderly's typical "house rich, but cash poor" problem warrants approval of a method which allows the elderly to tap their home equity for income purposes while allowing them to remain in their homes. Professor Hammond analyzes other means for tapping equity and finds each lacking in its ability to accomplish the stated goal. She also describes the three types of reverse mortgages currently available. Finally, Professor Hammond sets forth a list of legal issues that …
Foreword: Real Estate Law And Practice Symposium Issue Of The John Marshall Law Review, 40 J. Marshall L. Rev. Xix (2007), Celeste M. Hammond
Foreword: Real Estate Law And Practice Symposium Issue Of The John Marshall Law Review, 40 J. Marshall L. Rev. Xix (2007), Celeste M. Hammond
Celeste M. Hammond
No abstract provided.