Posted in History and Reality
Cities across the United States suffered severe economic blows following the downturn and housing crisis. Budget shortfalls, declining revenues and overextended pension obligations have left many cities and towns struggling to cover their costs, and in recent months, some have been forced to file for protection under federal bankruptcy law.
Posted in My opinion
If you, your parents or other seniors in your life are sitting on a big load of home equity while struggling to get by each month on a fixed income, listen up. The answer for you may be a Home Equity Conversion Mortgage (HECM), often simply referred to as a -reverse mortgage.- As long as you own a home, are at least 62 and have enough equity in your home, you can get a reverse mortgage. There are no special income or medical requirements.
A reverse mortgage enables older homeowners to convert part of the equity in their homes into tax-free income without having to sell the home, give up title or take on a new monthly mortgage payment. Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you. The source of the money is the equity in your home.
Posted in Modern Financing
I apologize for the two-week hiatus. I took an unplanned 5-day vacation at INOVA’s Fair Oaks Hospital near my home in Reston, Virginia last week.
I’m fine, now, so there’s no cause for concern. All in all, the experience was more enjoyable than not. The customer (patient) experience was terrific and I got a ton of reading done, including Paul Hawken’s new book, Blessed Unrest. Hawken’s take on a massive social transformation of government and business is eye-popping. This is hinted in the book’s subtitle, How the Largest Movement in the World Came into Being and Why No One Saw it Coming.
Posted in Questions and Answers
Someone asked me the question, "why is change so hard?" I thought I would share my response with you. Your thoughts?
We might like to think that change initiatives will go smoothly if we have and implement a good and detailed plan. The plan is critical, for sure, but is rarely the driver for success because change involves more than going from A to B. Change is hard because it requires hundreds of trigger flips and culture change.
Posted in Credit Rating Information
I have to laugh at myself sometimes. I am a bit behind on a few things and need to get organized so I know just what's what. My first reaction was to head down to my local Staples to pick up a couple organization tools. But if I look at my desks, I can see that they (I have two desks) are packed with organization tools. Folder holders, wire shelve thingys, and three tiered in-boxes are crammed full of stuff. Plastic stacking drawers are my favorite because they hold a lot.
I don't need more organization tools, I need more organization and perhaps a wee cleaning session.