expenses.From the HHS website:An exempt “home” generally becomes a countable asset -- that is, its equity value is counted against Medicaid eligibility limits -- if the owner has no living spouse or dependents and Moves into a nursing home or other medical institution on a permanent basis without the intent to return,Transfers the home for less than fair market value, orDies.Using home equity: When the house is no longer a "home" and becomes a countable asset, Medicaid may require its equity to be spent on the homeowner's healthcare costs.

She stated that she screwed up, and is terribly sorry, and not sure how this happened or how it was not caught by anyone....but that the loan product (Freddie Mac home possible) that they are using...went through everyone, passed underwriting, and then was selected for quality control and was noted that one of the home possible policies stipulates that:Ownership of other residential propertyThe Borrower must not have an ownership interest in any other residential property as of the Note Date, or the Effective Date of Permanent Financing for Construction Conversion and Renovation Mortgages, except as stated below.

@Steve DellaPelle if it is a CO alarm and you suspect a CO leak, I would call the gas company and have them send someone out asap. more than likely, they will try to find the leak and do a temporary fix until a GC can come out and permanently fix the issue.

You convert construction debt to long term permanent  once stabilized.

Again 3% Construction to permanent financing seems like an unbelievably great rate !

Anyone heard about opportunity zones? We are setting up an opportunity fund and will Work on creating a vehicle to help investors defer gains while investing into a fund that will develop properties in MN. This is e...

How about buying a house that you plan to move from 2-5 years later that you'll rent out and buy a more permanent house?

You don't have bless the doorstep with your physical presence to claim the place as your permanent residence.

Not to mention, there are a lot of people who have a misconception of what a bridge loan is that could use some clarity.For those who don't know, a bridge loan is interim financing, that most often, bridges the gap of an immediate need for money while the borrower waits for either the sale of a property or more permanent financing to step in.Where borrowers most often fail to understand how bridge financing works is in situations where they have a need for money, but do not have the exit strategy lined up yet.

Paying more for healthcare than I do for my mortgage is a bite, but I don't really have much choice.Of course I'd like a discount, but even more, I'd like to see this issue fixed permanently for everyone.