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	The Florida Department of Elder Affairs has published the "Older Floridian Handbook" 129 pages Laws and Programs Affecting Older Floridians http://www.happyseniorhomeowners.com/OlderFloridianHandbook This booklet is intended to be an easy reference source and guide for older Floridians. It contains useful legal and program information on topics of special interest to persons over sixty years of age, but by no means is it limited in value only to older adults. Persons of all ages should find this booklet informative and helpful. The material provided is based on the laws and practices of the State of Florida and its agencies, and in some cases, the laws and practices of the federal government. This Handbook cannot answer every question, nor can it replace the advice and counsel of an attorney when needed. Rather, it provides information of a general nature and answers to some of the more common questions that older Floridians often have.
	The State of Florida Department of Financial Services and its Chief Financial Officer Jeff Atwater have produced a valuable website "On Guard for Seniors" to orient us about, in their own words: "Florida’s seniors are inundated with investment offers and requests for charitable contributions and are being exposed to targeted fraud opportunities. The result - financial decisions can be overwhelming.  CFO Atwater is committed to ensuring seniors have the information they need about insurance and financial transactions, so they can stay on guard and ask the right questions to make sound financial decisions". It covers: Annuities Reverse Mortgages Long-Term Care Identity Theft Senior Stories Video Library Vluable Resources http://www.myfloridacfo.com/OnGuard
	Fabulous! (4/15/12) : The Federal Government has initiated the new "H.A.R.P. 2" (Home Affordable Refinance Program). This is a variation of the old HARP 1 which did not work for many reasons. It is expected to be far better and that it could, really help many property owners who now owe more than their properties are worth. For more details Click on the Gold Button "HARP2" on the left hand column. This Program is ONLY for mortgages from Fannie Mae or Freddie Mac and does NOT affect Reverse Mortgages. If you are a Florida (only) property owner and you want more info and to determine if your loan is Fannie Mae o Freddie Mac, provide me with the information requested on the form at  http://RodKohlyMortgages.com/HARP2SearchForm This is the required 1st step to determine if you could qualify.
	¡Fabulous!(2/7/12): Although it is not definite yet, it seems that most Reverse Mortgage Lenders have not applied the new Financial Assesment requiring Credit and Income qualification suggested by FHA and initiated by only one major Lender. Basically it was requiring Credit and Income qualification and appraently lost many prospective borrowers. Definitively, the problem exist that many homeowners that have a Reverse Mortgage are NOT paying tproperty taxes and insurance. They can lose their homes. (read below) Lenders will have to take steps to prevent this from happening. Thera ways, like requiring "Set Asides" of funds to pay theses for several years. That can only happen if the proceeds are enough to pay of the closing costs and the current mortgage. BMS Corp. IS offering Reverse Mortgages that have NO Credit and NO Income qualification. Call us today. This can change any moment. If you are in Foreclosure, we might be able to refinance your current mortgage with a Reverse Mortgage.
	IMPORTANT! If you or anyone you know has a Reverse Mortgage, please read on. Very Important!   If you are in Default of Payment Of Property Taxes or HomeOwners Insurance or Maintenance Fee on your Home, this information is of great importance to you. One of the Conditions of the Reverse Mortgage is to be current on Property Taxes or HomeOwners Insurance or Maintenance Fee (if a condo). If you fail to pay these, the Lender CAN Foreclose on the property. You CAN LOSE IT. Due to the increasing volume of delinquencies, they are now acting to foreclose on those properties. They have a RIGHT to do so. We all know that the economic situation has affected many Seniors. Nobody, not the Bank nor the Government, wants to have to take a home from a Senior. If you find yourself in this situation you should talk to a HUD approved Credit Counseling Agency to counsel you on how to best solve this serious problem. Many are providing the service for free. Call today. All you can loose is your home. HUD Approved Foreclosure Avoidance Counseling Agencies Available at http://HUD.gov

Now, I suggest that even if you feel that you or your parents would not qualify, please inquire. I will run some numbers and get a feeling for your own particular situation. Call me today 786-262-6486 or email RodKohly@Gmail.com

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