Is Their Home Equity Really Safe?! - HECMWorld.com

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Is Their Home Equity Really Safe?!

by Shannon Hicks
| 3 Comments
| February 17, 2022

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Is your Home Equity Really Safe? The dirty little secret about home ‘equity’ is that it’s…

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3 Comments

Rose Medlen
February 18, 2022 at 11:33 am
I would love a copy of this workshop presentation and willing to pay for the presentation so I may have a workshop in my area or a zoom meeting. Rose Medlen
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- Shannon HicksModerator
  February 18, 2022 at 12:44 pm
  Thank you, Rose. Actually we don’t have the content for this workshop but Shannon is encouraging HECM professionals to produce such content and submit it to their respective compliance department for approval.
  
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James E. Veale, CPA, MBT
February 18, 2022 at 11:36 pm
One word of caution, home equity extracted from a home still means nothing IF the related mortgage is recourse in nature, since that means all of one’s assets collateralize the debt. Remember home equity can be positive or negative Nonrecourse ONLY goes into effect at time of payoff.
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