Portland Oregon: Are Mom and Dad ok?
As you are traveling home for the Holiday's please have an honest conversation with your parent/s and find out how they are doing in this economy. A recent survey indicated that over 50% of our Older American's are living at or below the poverty level who were middle income wage earners. This goes on under our nose with out Mom or Dad complaining at all!
Most of us have been hit hard and Mom and Dad are probably on a fixed income whether they are in Portland Oregon or New York City. This is a generation that I call the silent sufferers. In the last 11 years I have had the priveldge of working with Older American's whose biggest fears are:
- Outliving thier investments
- Loosing thier independence
The last thing they want is to be a burden on their family and as a result most will not share honestly how the economy has effected them. All of us in the working class know that we have to work harder and many times make less money, but have you considered what it is like to not be able to work harder to make money. Fixed income is not a friendly place to be when your investment portfolio may be shrinking and you know that you can do nothing to replace it. Social Security income is what many are living on and as we age we generally need more medication to regulate our bodies. Perscription medication alone can take a big bite out of a fixed income. I have worked with clients that pay in excess of $1,200 every month! Are you sure that Mom and or Dad are taking their meds? They could be faced with either buying the food or their medications and they will NEVER tell you about it.
What can you do?
- Start with a conversation with a parent that is most likely to be honest
- Regardless of their needs take 15-20 minutes with them on-line to find out what kind of activities or discounts they qualify for and probably don't know about. This will print out a report approximately 20 pages in length and is called Benefits Check Up.
- If they have equity in their home take the time to get educated on how to property use it. Dont' wait until there is an emergency!
- Do they have an emergency fund set up?
- What is their debt to income ratio?
- Are they taking all the medications perscribed by their Doctors?
- Are they getting the medical attention they need?
- Do they have someone to call for outside help with windows, heavy cleaning, yard work? And if so can they afford to pay them.
- Are there any bills that they are behind in?
- Do they have long term care insurance in case one of them is incapacitated?
- Are they still paying on a mortgage? (I could really get upset at the loans that were made to seniors that are structured for them to be making payments on a mortgage when they should be spending the money on other things grrr......)
Take the time to get educated yourself, with a little research on the internet you can find many programs that offer assistance at little or no charge. The greatest generation that ever lived needs our assistance now and we have to tools to be able to find them the assistance they deserve. Please share with me any information you have that can help our Older American's. I would be happy to share more on request!
Enjoy your Holiday's and Christmas Cheer and don't miss an opportunity to see if Mom and Dad need you! It's better to give than receive....
Bend, Oregon: CE Credits for Realtors delivered in Oregon on the topic of Reverse Mortgage
Sharon Falvey, Vice President Northwest Sales has been effectively delivering Continuing Education Credits to Realtors accross the State of Oregon and most recently in Bend, Oregon. This class has been very well received by Realtors that thought they understood the truth about Reverse Mortgage until they took the class.
Sharon Falvey and Security One Lending were recently quoted in "Reverse Mortgage Daily" and "Reverse Fortunes" as well as other's. It brings me great joy to be able to dispel the myths about Reverse Mortgage and show Realtors how they can position themselves to use it correctly and increase their sales. We all need to make our way in these interesting times and you can never have to many tools in your belt to do so.
Dan Heater: Continuing Education Director in Bend Oregon for COAR is quoted as saying:
"Thank you Sharon so much for the great class on Reverse Mortgages you did at COAR last week. The class was very good. It is amazing that we all still have these pre-conceived ideas about what a reverse mortgage is and how it can fit into our lives as we age. All of our brokers we very impressed with the class and had all changed their minds as to the value and use of reverse mortgages both personally, and as a tool to help their customers.
The class was concise, easy to understand and gave all who attended something else to include in their presentations for their clients. I would recommend this class for anyone to take. Anyone approaching this age, with parents close to this age, or a real estate practitioner with clients of this age would gain valuable information as to how to own real estate as you approach your senior years.
And Desiree Streeter, Broker in Bend Oregon as saying:
I want to thank you so much for drawing my card for the nice briefcase. That really brightened my day! I have had some really rough times lately with caring for my mother who has been ill for the past 2 years and then my husband being in the hospital since Feb 2 and getting out tomorrow. With that and work I have definitely had a full plate!
I really enjoyed the class today. I went into it knowing nothing at all about Reverse Mortgages. It was very interesting and I gained a lot of knowledge which I will use. I will highly recommend this class to others I know when I see it posted again. I look forward to your updates!
Real Estate Broker
If you would like more informaiton as to how I can bring this to your Association or Office please do not hesitate to contact me. For more general information please visit my website or call me direct at 541-891-5706 (cell) 503-534-3546 (office). I look forward to serving your needs.
Vice President, Northwest Sales
Home Equity Specialist
My blog is a personal expression of my own thoughts, and opinions and does not necessarily reflect the thoughts and opinions of Security One Lending