But I also have this desire to move forward on the journey@Theresa Harris the $80k is basically a one off - home improvement.

In fact in our Lakehouse 1500 sq ft of it has survived 5 years of summers & cold winter shutdowns without any expansion/contraction issues.My BIL installed some >$4 sq ft vinyl-clickit over an old tile floored kitchen without any sub-padding.

The surviving spouse has two years from the time of the spouses passing to receive the full $500,000 exemption.

Hi, @Matt Rosenbohm.The most active local investor agents on BP right now are @James Wachob, @Tina Sandoval, @Dean Harris, and @Jason Hopkins.  

And yet many are surviving.

There is a case where the surviving (and non-borrowing) spouse could face foreclosure if they can't pay off the reverse mortgage upon the death of the borrowing spouse.

My observation is that the big reason why vacancy is high in some properties is because of management issues (absentee/out of state, poor business skills, spouse dies and surviving spouse is over his or her head, etc.) or because the property and units have fallen into disrepair (often tied to the first issue, mismanagement).

@Derek Harris sent you a PM

@Theresa Harris - i am afraid to switch to another mortgage broker becuase restarting a new loan means that we would have to go another 30-60 days (in NY) by paying this crazy mortgage because they will need to do appraisal again, order title again, etc.

@Theresa Harris -  how much are they charging for repairs?