SHOWN BY APPOINTMENT:  1-5PM on SATURDAY 12-19-20 + SUNDAY 12-20-20Property:                                       3748 Wellington Rd, Los Angeles, CA 90016Virtual Tour:                           www.3748Wellington.comOffered At:                               $999,000Call:                                           818-825-6996 to Schedule AppointmentProperty Description:            Crenshaw Manor | Best Value | Beautifully Updated | 3 Bedroom | 2 Bathroom HomeSHOWN BY APPOINTMENT 1-5PM on SATURDAY 12-19-20 + SUNDAY 12-20-20 CALL 818-825-6996 for APPOINTMENT.  VIRTUAL TOUR at www.3748Wellington.com.CALL 818-825-6996 to VIEW.  VIRTUAL TOUR at www.3748Wellington.com.OFFER DEADLINE IS TUESDAY 12-22-20 at 5PM. First time on market in 62 years! Crenshaw Manor’s Best Value, beautifully renovat... 12/18/2020

What is a Reverse Mortgage? What are the Pros & Cons? (Part II) As I mentioned in Part I here I will address some of the pitfalls. The Reverse Mortgage has some Borrower Requirements: The borrower must be at the minimum 62 years old. The property must be either free and clear or have a small mortgage balance. There should not be any delinquent payments, or any federal tax lien on the home. The mortgage amount is based on current interest rate plus one or two per cent more and also the age of the youngest borrower. The loan can be repaid in full when the borrower dies or sells the home. The loan becomes due if the property taxes or hazard insurance is not paid by the home owner. In most cases the heirs do not keep the house due to the large financial obligations, so they end up selling t... 09/12/2010