EPISODE #833
Florida Law & Strict Condo Rules Quash Reverse Mortgage
[Green Building Elements] Senior condo residents find themselves in a financial bind thanks to Florida’s new condo legislation and strict condo rules that quashed on reverse mortgage application.for Details]
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[Next Avenue]Â The unexpected challenges of aging in place.
- [Yahoo Finance] Did you know Montana has its own reverse mortgage?
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Flo
Shannon Hicks
Editor in Chief: HECMWorld.com
As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.
1 Comment
While this man’s plight is pitiful, it seems he contributed to his own demise. Normally, a well maintained condo project with adequate reserves will have more value than one that is dilapidated and its reserves are underfunded or depleted. Was the man ever on the condo board? Did he not read the financial statements of the HOA? Did he not notice deterioration and disrepair? It seems he is trying to put the blame on someone else. As the saying goes, you get what you pay for. Here it applies as well.