Download or read book Home Equity and Ageing Owners written by Lorna Fox O'Mahony and published by Bloomsbury Publishing. This book was released on 2012-01-06 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growing use of housing equity to support a range of activities and needs raises complex issues, particularly for older owners. In an environment in which older owners are pushed towards housing equity transactions to meet income and welfare costs, they are required to make choices from a complex and sometimes bewildering range of options. The transactions which facilitate the use of home equity as a resource to spend in later life - from 'trading down' and 'ordinary' secured and unsecured debt to targeted products including reverse/lifetime mortgages, home reversion plans and sale-and-rentback agreements - raise important legal and regulatory issues. This book provides a contextual analysis of the financial transactions that older people enter into using their housing equity. It traces the protections afforded to older owners through the 'ordinary' law of property and contract, as well as the development of specific regulatory protections focused on targeted products. The book employs the notion of risk to highlight the nature and causes of the 'situational' vulnerabilities to which older people are now subject as 'consumers' of housing equity, showing that the older owner's personal situation is crucial in determining whether and why they may seek to release equity, the options and products available to them, and the impact of harms resulting from adverse transactions. The book critically evaluates the extent to which this context is incorporated in the legal frameworks through which these transactions are governed, as a measure of the 'appropriateness' of existing legal provision, as well as considering the arguments surrounding 'special protection' for older owners in housing equity transactions.

Download or read book Turning Home Equity Into Income for Older Homeowners written by Mary H. Parker and published by . This book was released on 1982 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Unlocking Home Equity for the Elderly written by Ken Scholen and published by Ballinger Publishing Company. This book was released on 1980 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Home Equity Conversion written by and published by . This book was released on 1985 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Home Equity Conversion Options for Older Homeowners written by and published by . This book was released on 1984 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Aging and Housing Equity written by Steven F. Venti and published by . This book was released on 2000 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Opportunities in Home Equity Conversion for the Elderly written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 1983 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Home Equity Conversion Project written by Kristina Peterson and published by . This book was released on 1982 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Maintenance and the Home Equity of the Elderly written by Thomas Davidoff and published by . This book was released on 2003 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Opportunities in Home Equity Conversion for the Elderly written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 1983 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Home Equity Dissavings written by John J. Gruidl and published by . This book was released on 1983 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Turning Home Equity Into Income for Older Homeowners written by Mary H. Parker and published by . This book was released on 1982 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Aging and Housing Equity written by Steven F. Venti and published by . This book was released on 2000 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing equity is the principle asset of a large fraction of older Americans. Indeed many retired persons have essentially no financial assets, other then Social Security and, for some, employer-provided pension benefits. Yet we find that housing wealth is typically not used to support non-housing consumption during retirement. Based on data from the Survey of Income and Program Participation, and the Asset and Health Dynamics Among the Oldest Old, we consider the change in home equity as families age. The results are based in large part on families aged 70 and older. We find that, barring changes in household structure, most elderly families are unlikely to move. Even among movers, those families that continue to own typically do not reduce home equity. However, precipitating shocks, like the death of a spouse or entry to a nursing home, sometimes lead to liquidation of home equity. Home equity is typically not liquidated to support general non-housing consumption needs. The implication is that when considering whether families have saved enough to maintain their pre-retirement standard of living after retirement, housing equity should not be counted on to support general non-housing consumption. These conclusions seem to correspond closely with the results of a recent American Association of Retired Persons survey, which found that 95 percent of persons 75 and older agreed with the statement: What I'd really like to do is stay in my current residence as long as possible.'

Download or read book Options for Elderly Homeowners written by and published by . This book was released on 1989 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Potential of Home Equity as a Source of Income for the Elderly Canadian written by Léon Marcel Baudouin and published by . This book was released on 1984 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Home Equity Conversion written by United States. Congress. House. Select Committee on Aging. Subcommittee on Housing and Consumer Interests and published by . This book was released on 1984 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Home Equity Conversions for Seniors written by and published by . This book was released on 1986 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: