FEATURE PROPERTY

This week's feature property is a new listing located about 3 miles out of Kenbridge on Rt. 40 going to Blackstone. A 3 bedroom 2 bath ranch in move-in condition. The family room has a nice fire place to enjoy on those cold winter days and a large deck for the outdoor grilling. Go to my U/C website to catch more details. The property is priced to sell.

REVERSE MORTGAGES

The TV ads have been loaded with commercials about Reverse Mortgages. I am sure you have seen them with Robert Wagner as their spokes person. If you or a family member or someone you know has expressed some interest in these, BE WARY!!

Myself and an associate Heather Braim Barbor,M.S.,MAI have done extensive research on this lending instrument and it has serious pitfalls. It sucks out the equity in a home and in most cases, leaves the estate with a worthless asset. In addition, it is very expensive to get in to. Don't be surprised if you see the Fed's force this product to be withdrawn from the market in the future.

Feel free to contact me if you would like more details or if you would like to view my research.