Reverse Mortgage in Florida – Shipp Law Legal Blog

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Auto And Home Tax Write-Offs You Never Knew About. Mortgage Masters Group That legislation eliminated a section of the federal tax code authorizing interest write-offs. on how you use the money you borrow. Taxpayers can "often still deduct interest on a home-equity loan,

I am paying a mortgage, but recently learned my name is not on it. Can I walk away and not have it affect my credit rating? My late husband and I purchased our primary home in Florida in 2005 and he.

As an elder law attorney, reverse mortgages are a topic of conversation with a number of my medicaid planning clients. This post will delve deeper into reverse mortgages and go through typical reverse-mortgage contract terms. What is a Reverse Mortgage? A reverse mortgage is also referred to as a Home Equity Conversion Mortgage or HECM.

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1) Status of a Home in Florida. FALSE. One common myth is that Florida residents cannot own a home and also qualify for Medicaid. This is not true. Florida does place a cap on the amount of gross income and assets a person can own and qualify for Medicaid. A person with too many assets or income is ineligible to receive Medicaid benefits.

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