The elderly (age over 65), the blind, the disabled, and a surviving spouse of an eligible Homestead Applicant may be eligible for a $50,000 deduction from the Assessor's market value appraisal of their legal residence.

Situation: Elderly couple facing foreclosure.

Elderly people might get scared and just pay.  

I do know on some of these properties the only way to get two homes on one lot, is to designate one as a "granny home" and has to be occupied by an elder.

She is a sharp, elderly woman who grew up in this house since she was a child. 

Hi, My mother's elderly landord has decided to sell the 3 unit property that she lives in.  

She's elderly and I believe just wants to rid herself of the headaches.

I'm working a deal where 1/2 owner (an elderly woman whose affairs are being handled by her nephew) is willing to sell while the other owner (heirs of the deceased 1/2 owner) refuse to cooperate.They tried to sell the property in the past (about 3-4 years ago) and all the other 1/2 owner had to do was come down and sign some paperwork and they would have received a check.

Don't do business with people that lack capacity... if you are unaware this article explains it: http://www.nolo.com/legal-encyclopedia/lack-capacity-to-contract-32647.htmlI don't need to go to the link, but unless you are a shrink, you'll have a tough time proving an elderly person lacks the capacity to contract, ever question an older person to determine thier ability to understand a contract?

I was just slapped with $4K in back taxes because the previous owners failed to remove the elderly exemption after the father had died.