Palos Verdes Seniors Effected By New Reverse Mortgage Rules

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Palos Verdes Seniors will be effected by new rules coming into play shortly for Reverse Mortgage.

HUD has announced  new reverse mortgage regulations  (previously dated to go into effect March 2nd 2015) have been delayed until sometime in April 2015.palos verdes seniors

Currently Palos Verdes Seniors with equity in their home can (literally) be 1 day away from a trust deed sale, or BK and still can qualify for a cash out refinance or to  purchase their next home with no qualifying!

That will end in April when seniors will have to qualify based on income, credit and debt to income ratios.

California residents have a shorter period a time as they must participate in mandatory housing counseling which can take up to 2 weeks to get an appt. and then wait for a “7 day cooling off period” to expire.

Senior citizens struggling to keep their home have just a few weeks left to get a reverse mortgage without a financial assessment which may exclude or reduce benefits for up to 50% of reverse mortgage applicants.palos verdes seniors

If you are one of the Palos Verdes Seniors considering a Reverse Mortgage and having a bit of financial difficulty, the window of opportunity to take advantgae of more lenient rules is quickly closing. Almost 25% of the population of Palos Verdes Estates are in the Palos Verdes Seniors age category as defined for Reverse Mortgages, not an insignificant number. Please use the share buttons here to let those you know and care about it, aware of these changes. Continue below the Palos Verdes Demographics section to learn more information.

Palos Verdes Seniors Resource

There’s a wonderful resource for Palos Verdes Seniors that I would like to introduce you to.  www.PVSeniors.org.  Their mission statement: “To offer activities and services that enhance and enrich the lives of senior adults living on the Palos Verdes Peninsula and surrounding areas.”

Many Palos Verdes Seniors find that the decision and inherent benefits of taking out a Reverse Mortgage must be compared and contrasted with the benefits of simply selling their property. I’ve found that my clients appreciate a more consultative approach which I take so that information from all sides of the issue can be studied. That way, an increased level of confidence can be made with either type of decision: sell, do nothing, take out a reverse mortgage.

What’s most important here is you, the client, having the peace of mind that comes from you knowing that you’ve done everything to get the information you need to make a decision that is in YOUR BEST INTERESTS! I’m here to help. The first step in gathering information about whether or not selling is in your interests, is simply to find out what buyers in today’s market might actually pay for your home. Here’s a good starting point

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11040 W Hondo Parkway Temple City, CA 91780

$710,000
4 Beds
3 Baths
1,955 SqFt
Status Active
MLS # AR17011379
Property Type Single Family Residence
Front Unit PUD with front yard. Gated Community with only 5 units in the complex.Brand new , 2014 built Low HOA fee. Conveniently located in centralized Arcadia, walking distance to school, minutes from Sam's Club, Albertson's , Arcadia Par 6 Golf Course and the 10 fwy. Double door entry. Open floor plan, 20 foot high ceiling living room with fireplace. Laminate wood floors throughout, recessed lighting, dual pane windows, granite counter tops. Spacious bathroom, marble floors, 2 car attached garage with guest parking. Designed ideally with one bedroom & one bathroom downstairs for family with seniors. Huge master suite with spacious closet and two good sized bedrooms upstairs. Too much to mention for this unit. Absolutely impossible to find in Temple City for $363/SF! The usable SF seems even bigger than the actual SF!

89 Aliso Ridge Loop Mission Viejo, CA 92691

$650,000
3 Beds
2 Baths
1,957 SqFt
Status Active
MLS # OC17094236
Property Type Condominium
RARE TO FIND ON THE MARKET! This beautiful bright and light open single floor unit is on the third floor with it's own private elevator! 2 car garage is on the first floor with large entertaining patio. Garage is directly attached to private elevator and stair way which bring you to the third floor. Great easy access for seniors or handicapped residences. This property is move in ready with a spacious entry opening to a large family room, dinning room, gourmet kitchen featuring large center island, stainless steel appliances and granite counter tops. With nice views off a large balcony over looking the city of Mission Viejo, Lake Forrest and Santiago Peak to the North East. Large master suite with large master bath and attached walk-in closet. The extra wide hallways adjoin two large guest rooms, guest bath and laundry room. Everything is spacious and on one level with high ceilings. Its the only unit on the third level in the building so it has plenty of windows and privacy. Enjoy everything The Ridge community has to offer such as community lap pool, spa ,BBQ area and outdoor fireplace. Including plenty of waking paths, grassy areas and tot lot. Close to shopping and dinning options and in a great school district.

25442 Sea Bluffs Drive Unit 308 Dana Point, CA 92629

$499,800
2 Beds
2 Baths
1,355 SqFt
Status Active
MLS # OC17110744
Property Type Condominium
Just Listed and Priced to sell! The Fountains at Sea Bluffs, Full Service Retirement Community 62+ has been proudly serving seniors for 20 years! Must see top floor, ocean view, vaulted ceilings, bamboo floors, storage on balcony, friendly staff to help you, housekeeping once a week, transportation, Gourmet meals, Maintenance to your condo incl appliances, plumbing, heating, air electric. Activities and social programs and exercise programs. Let yourself get pampered, enjoy the movie theater, salon and excursions weekly. All utilities paid in your HOA dues incl cable. A dog friendly community, close to walking trails, Doheny Beach, Dana Point Harbor, shopping. The Clubhouse includes a lovely Library, card room, multi purpose room, fitness center, sauna, steam, spa, heated pool and beautifully appointed Dining Room with views of the Pacific Ocean. Call for a tour today! 2nd person fee of $1500.00 per month applies is applicable.

5200 Irvine Boulevard Unit 430 Irvine, CA 92620

$449,000
2 Beds
2 Baths
1,896 SqFt
Status Active
MLS # PW17000650
Property Type Manufacture 433
Location, location, location. Enjoy the CA lifestyle for seniors 55+ in The Groves, a 533-unit resident-owned senior mobile home community on 72 acres in Irvine. The sales price includes the home and a share of the corporation that owns the land. NO SPACE RENT! This well-maintained two-bedroom triple-wide is located just steps from The Groves’ many amenities. Relax on the large front porch where you can enjoy the yard which contains citrus trees and over 40 sago palms. The open floorplan includes a formal living room with vaulted ceilings and a family room which opens into the kitchen. The master bedroom includes an en suite bathroom with a separate shower and bathtub, along with a sliding door which leads to the back patio. The unit has been modified to accommodate a person with some disabilities, including an small elevator for access from the back patio to the house. The property includes a detached two-car garage with access to back patio and back door. The Groves’ amenities include a pool (heated year round), spa, exercise room, game room with billiards, ping pong and shuffleboard tables, tennis, basketball, renown lawn bowling, putting green, multipurpose rooms, veggie garden, huge park area with BBQs and picnic tables, beauty salon, RV storage, car wash and direct access to the Venta Spur Trail and Northwood Shopping Center. The Groves' daily activities include many clubs and opportunities to interact with your neighbors. Seller is a licensed real estate broker.

3251 San Amadeo Unit Q Laguna Woods, CA 92637

$447,000
2 Beds
2 Baths
1,079 SqFt
Status Active
MLS # LG16755540
Property Type Condominium
Are you looking for a beautifully remodeled home that is meticulously designed with SENIORS in mind? You have found it!!! This superb Casa Vista Garden Model has NO STAIRS, NO ONE ABOVE OR BELOW YOU, IS IDEALLY LOCATED WITH EASY ACCESS FOR UNLOADING PASSENGERS OR GROCERIES & THE CARPORT IS JUST A FEW STEPS AWAY. The picture-perfect kitchen has been expanded & designed with attention to every detail including quartz counter tops, gorgeous mother of pearl backsplash, custom soft close cabinets with extra deep drawers for your pots/pans, corner Lazy Susan, black glass cooktop, separate oven, microwave, large refrigerator, skylight for natural lighting, recessed lighting & designer window coverings. The master Ensuite Bath is exquisite featuring a custom dual sink vanity with drawers for easy access (no stooping or getting down on your knees), quartz counter top, Carrara Mosaic marble flooring & a beautifully tiled ROLL-IN SHOWER with a frameless door, built-in seat, shampoo box & an ultra-luxury shower head & handheld combo. The guest bath mirrors this distinctive design. Walk out to the lovely covered patio from both the living room and guest bedroom. Wood Laminate Flooring, Added Pantry in the Dining Area, Plantation Shutters, Crown Molding, Recessed Lighting & Ceiling Fans, New Dual Pane Windows, New Central Air/Heating, New Water Heater, and a New Heavy Duty Garbage Disposal all add to the features you will enjoy as the new owners of this immaculate home.

19349 Anzel Circle Newhall, CA 91321

$357,500
2 Beds
2 Baths
1,088 SqFt
Status Active Under Contract
MLS # SR17034256
Property Type Townhouse
It’s time to enjoy life! No honey-do list for this one! Upgrades everywhere from the kitchen to the garage! Light and bright end unit has extra windows and energy efficient solar tubes. Beautiful kitchen features quartz counter tops, porcelain tile floors and back-splash, stainless steel sink, newer appliances. Spacious living room has a cozy fireplace. Dining room is large enough for a formal dining set. Master suite has it own bath with a spacious upgraded shower, and a walk-in closet with organizers. Second bedroom and bath are great for guest. A super sized enclosed patio room (not included in square foot) has newer windows, built in bookcases, newer heat/ac unit, and upgraded window treatments, could be used as a 3rd bedroom. Plus there’s an additional storage room for all the grand-kids’ toys! The two car garage has been upgraded with a laundry sink, built-in cabinets, painted floor, and space for the washer and dryer. Some of the upgrades include: Newer carpet and tile flooring, newer light fixtures and ceiling fans, newer faucets, copper plumbing and more! Friendly Valley is a 55+ gated community with golf courses, pool, clubhouse, transportation service, and lots of fun activities for seniors.

14414 Addison Street Unit 23 Sherman Oaks, CA 91423

$350,000 - 2Br/2Ba -  for Sale in Sherman Oaks
New
$350,000
2 Beds
2 Baths
1,127 SqFt
Status Active
MLS # SR17111374
Property Type Condominium
This Spacious 2 bedroom, 2 bath condominium is conveniently located in the prime Sherman Oaks area. Lots of closet space throughout the unit and a large balcony off the living room. Bring your originality / imagination / creativity and give it personal-ity. Gated, secured building and animal friendly complex with elevators, pool and recreation room. Great for seniors, a starter home or investment opportunity!!! The Sherman Oaks Fashion Mall is nearby and its walking distance to Ventura Blvd, restaurants, and a community park with tennis court, swimming pool, soccer field, basketball, fitness area, you name it this park has it! Centrally located with easy access to 101 and 405 freeways. Nearby schools include Chandler Learning Academy School, Van Nuys Middle School and Community Harvest Charter School. Zestimate $375,208.00 - Hurry this one won’t last long. Priced to SELL fast!!!

2608 Forest Lake Unit 17 Santa Ana, CA 92705

$329,950
2 Beds
2 Baths
1,800 SqFt
Status Active
MLS # PW17067653
Property Type Manufacture 433
LAKE PARK SANTA ANA NORTH, a Premier Senior (55+) Park, centrally located in OC. This home has been remodeled & features a park-like backyard. Beautifully landscaped for peaceful enjoyment on your private deck. Enter thru the wooden front door into a mini atrium that looks into the kitchen, tiled entrance. Inviting floor plan, spacious living room with natural lighting & a masterful brick fireplace, Kitchen backsplash, granite counter-tops, a breakfast area looking out the large front window with custom window coverings, upgraded cabinets, laminated flooring, canned lighting. Direct access to the 2 car garage. A very large dining room area for large gatherings. This home features beautiful dual paned windows. Off the dining area is a fantastic office/den that with a skylight that brings plenty of light in. Bedrooms feature crown molding, 2nd bedroom has plantation shutters as well as the living room. Master bedroom has 2 closets, double French doors that lead into the outside covered patio/deck, custom window treatments in Master bedroom as well. A gorgeous master bath, large custom sink counter with granite. Tiled master shower & seating area, additional hand-held shower head massagers and so much more! A little extra you might not know. You can meet other seniors at one of many functions including, exercise, bible study, monthly pot luck dinners, a club house & entertainment, Friday night socials, swimming, indoor spa, exercise room, billiards and a lake filled with fish!

17628 Alburtis Avenue Unit 3 Artesia, CA 90701

$329,000
2 Beds
1.5 Baths
1,012 SqFt
Status Active Under Contract
MLS # RS17086581
Property Type Condominium
Pride of Ownership townhouse in a quiet, secured, gated community. Newly painted; remodeled with new bathroom and kitchen sinks and faucets; new bathtub, toilets and bathroom fans, plus newly installed kitchen and bathroom tile floors. Conveniently located within walking distance to grocery stores, banks, post office and shopping mall. Spacious private patio. Property located in award winning ABC School District. Perfect for first time buyers or seniors wanting to down-size. One owner is real estate licensee.

13265 Del Monte Drive Unit M12-35-c Seal Beach, CA 90740

$279,900
2 Beds
1.5 Baths
950 SqFt
Status Active
MLS # PW17067356
Property Type Stock Cooperative
Leisure World Seal Beach. Two Bedroom, 1-1/2 Bath remodeled High-Side Expansion with a large patio. Enter this home into the dining area with a Bay Window that opens into the living room. Skylights make these rooms light and bright with a new sliding door to the patio with a storage cabinet and beautiful tiled floor. Kitchen cabinets are white with newer Formica counter tops, new sinks and faucets Plus pull out drawers on the bottom shelves, built-in Micro Wave, Dish Washer, an extra large skylight, newer LW appliances plus a Reversed Osmosis System and an added cabinet above sink for displaying your favorite things and tile flooring. Stackable Washer and Dryer in the hallway. Bathroom is remodeled with a Bath Tub, and shower, white cabinets with pull out drawers , a skylight and still has the linen closet and tile floors. Living room and bedrooms are carpeted. There are two closets in the bedroom with another large skylight, 1/2 bath and double doors to ad an open feeling to the home. White front door with a Phantom Screen Dual Pane Windows and a Heat Pump keep this home cool in the summer and cozy in the winter. Perfect drive up setting, close to entrance. Carport Building #146 Space 16 Enjoy this Gated/Guarded Senior Community for Active Seniors 55 and Better -

26752 Winsome Circle Newhall, CA 91321

$265,000
2 Beds
2 Baths
1,120 SqFt
Status Active
MLS # SR17089021
Property Type Condominium
Welcome home active seniors! This one story, two bedroom, two bathroom is located in highly desirable Friendly Valley. The open floor plan offers a large living room, bright spacious kitchen and large master bedroom. The second bedroom has a nice wall mural and ceiling fan. There is a large enclosed patio and a one car attached garage. Within this 24/7 guard gated community, enjoy golfing, lawn bowling, a sparkling community pool and spa, a club house and a gym to keep fit! It is conveniently located near shopping and restaurants. If you are looking for resort style living, this one is a winner!

8 Margarita Avenue Unit 212 Camarillo, CA 93012

$230,000
2 Beds
2 Baths
1,440 SqFt
Status Active Under Contract
MLS # 16176230
Property Type Manufacture 433
Welcome to Camarillo Springs Country Club Village. A Gated Seniors community nestled around a Beautiful Golf Course. There are NO land lease fees...you own the land here! Also, very low HOA dues, 2 bedroom, 2 bath manufactured home on quiet street, 1440 square feet, a large storage shed and in the backyard, there are two concrete decks, with a view of the golf course from the upper deck. There's an Avocado tree w/ lots of Avocados. Also features a covered front patio and a covered rear carport for 2 car parking, plus nearby guest parking spaces and an RV storage area. The club house has a lounge area w/ a flat screen TV, book reading area, card tables, pool table, shuffleboard courts, swimming pool, spa, BBQ area, outdoor showers, changing quarters and bathrooms, At least one resident must be 55+ and any accompanying residents to be 45+. Price reduced with the property being sold as is.

11410 Dolan Avenue Unit 328 Downey, CA 90241

$182,000
1 Bed
1 Bath
573 SqFt
Status Active
MLS # 17192870
Property Type Condominium
REGENCY TERRACE. SHORT SALE. GREAT OPPORTUNITY. BEAUTIFUL SENIORS 55+ YEARS CONDOMINIUM COMPLEX. IMMACULATE 1 BEDROOM 1 BATH WITH DOUBLE MIRRORED CLOSET DOORS, LARGE FULL BATHROOM, LIVING ROOM OPENS TO BALCONY. KITCHEN FEATURES ELECTRIC RANGE WOOD CABINETS, DISHWASHER, BREAKFAST COUNTER, WASHER & DRYER. A SECURED ENTRY LEADS TO A LARGE PROFESSIONALLY DECORATED LOBBY. MANY ENTERTAINING AREAS, HUGE CLUBHOUSE WITH KITCHEN, MEDIA ROOM, TROPICAL OUTDOOR COURT YARD, EXERCISE & GAME ROOM. UNDERGROUND SECURED PARKING. WALKING & DRIVING DISTANCE TO SHOPPING, BANKS, RESTAURANTS, HOSPITAL, CHURCHES, ETC.

351 N Ford Avenue Unit 205 Fullerton, CA 92832

$160,000
1 Bed
1 Bath
462 SqFt
Status Active Under Contract
MLS # PW17088881
Property Type Condominium
Great Opportunity to own a 1 bedroom condo in N. Orange County - The Fullerton Fountains a 55+ gated & secured Seniors Community at a fantastic price. Located just 3 blocks west of Downtown Fullerton. Low property taxes and HOA is only $230/mo. The HOA includes: Association Pools, Association Spas, BBQ Area with gas grills, Common Laundry, TV Room, Reading/Visitor Room, Meeting Room, Storage Area, Gated Parking, Water, Hot Water & Trash. Great location on the 2nd floor with a covered balcony. The refrigerator and range are included. The condo has central heat and central air. Conveniently located next to the park, close to the library, senior center, a grocery store within 1 block, & close to downtown Fullerton. 55+ Community.

1065 W Lomita Boulevard Unit 233 Harbor City, CA 90710

$88,500
2 Beds
2 Baths
1,100 SqFt
Status Active
MLS # SB17066682
Property Type Manufacture 433
This is a Nice 2 Bed, 2 Bath Senior Mobile Home (55+) Built in 1972 with Approx 1100 Sq. Ft. of Living Space. There is a Ramp making this Home Wheelchair Accessible. New Tile Floors in Kitchen and Bathroom. New Floors and Paint. Termite Completion already Done. Custom Plantation Window Shutters. Large Outdoor Covered Patio. Carport Parking for 2 Cars. 2 Storage Sheds. Fenced in Back Yard ideal for a small Dog. Park has many Ameneties for Seniors. Club House, Billiards, Library, Tennis Courts, Pool and 2 Spas. Monthly Rent Space is $907 Per Month.

1930 Fenoval Dr Borrego Springs, CA 92004

$79,500 - 3Br/2Ba -  for Sale in Borrego Springs
New
$79,500
3 Beds
2 Baths
1,290 SqFt
Status Active
MLS # 170026305
Property Type Single Family Residence
Fixer A Diamond In The Rough! Nice sized lot Wood burning fireplace in Living rm Large eat in kitchen. Good placement of windows. Good sized overhang on front walkway gives a Hacienda feel. Good bones but needs a ton of work and it is priced accordingly Nice mountain views in Sun Gold. Would make a very nice home for a family starting out or seniors downsizing Concrete floor cracked from 2nd bdrm thru Master bdrm CASH only Cooling: Swamp Cooler(s). Heating: Forced Air Unit. Market Area: North County. Rooms: Breakfast Area,Dining Area. Sewer: Septic Installed. Residential Styles: Detached. Water: Meter on Property.

11730 Whittier Boulevard Unit 63 Whittier, CA 90601

$60,000 - 2Br/2Ba -  for Sale in Whittier
New
$60,000
2 Beds
2 Baths
-- SqFt
Status Active
MLS # PW17116351
Property Type Manufacture 433
Priced to sell quickly! This popular floor plan provides you with great amenities. Large front living room with plenty of natural light and formal dining area with built-ins. Kitchen with center island stove is great when entertaining in your second living area/family room with wet bar. Kitchen appliances are included. Large master bedroom with walk-in closet and convenient private master bathroom, including large tub and separate shower. Laundry room is conveniently located by the carport entry. Upgraded HVAC system. This home is in wonderful condition and offered at an amazing price. Whittier Downs community is a private gated community, close to shopping and freeways. Seniors only. Pet friendly, pool, clubhouse and community events to meet your neighbors. Must be park approved.

2451 Soledad Canyon Road Unit # 11 Acton, CA 93510

$49,000
2 Beds
2 Baths
-- SqFt
Status Active Under Contract
MLS # SR17064064
Property Type Manufacture 433
Very cute and clean double wide mobile home in Gemstone Mobile Home Park for seniors in Acton. This home has many new features...new carpet, paint, toilets, garbage disposal and furnace. Plus the master bathroom has been redone with a new vanity and cabinet and a new walk in shower. The owners have also installed a new easy access wheel chair ramp. This home has 2 good sized bedrooms, a cozy fireplace in the living room, vaulted ceilings and skylights to brighten up the inside. The kitchen is a good size with lots of counter space. There is a separate pantry in the laundry room, Enjoy the summer nights sitting on the raised front patio over looking the desert scenery. Come see this home today before it is too late.

8100 Foothill Boulevard Unit 8 Sunland, CA 91040

$40,000
2 Beds
1 Bath
-- SqFt
Status Active
MLS # 316011048
Property Type Manufacture 433
Easy living in Monte Vista mobile home park for seniors, 55 years or older. Features 2 bedrooms, and den. New water heater, China cabinet included and stove and fridge. Near Starbucks, Shopping, Restaurants, and Sunland Senior Center. Features 1 parking space and storage shed. Friendly seniors gather on the onsite Club Monte Vista for games, parties, and visits. Welcome Home.
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