Reverse Mortgage Information

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Riverside Heritage House On a Perfect November Day!

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Today was too beautiful to work either around the house or around my reverse mortgage office.

It's always fun to see what an unplanned day will bring. Today for me, it brough a grand old lady, The Heritage House on Magnolia Avenue in Riverside.

First we dropped off my teenage daughter to go horseback riding with her BFF in Norco.  Then we took off for a drive.   

We drove up Hillside in Norco to California street then East to Van Buren. The sky was so clear you could see forever.  Proceeding north towards Central we noticed a plume of black smoke. A fire had broken out (seems they always do on these beautiful dry windy days). It looked to be in Rubidoux area.  !  

After scrumptious sandwich at Subway - we were driving down Magnolia and I noticed out of the corner of my eye that the Heritage House was open.  Quick U -Turn and we were there. 

It's a beautiful old Victorian home with 14 foot ceilings and amazing woodwork.  Tiled fireplaces and ornate wallpaper.  We took a guided tour from a charming docent who wore a long black skirt and thoroughly enjoyed her job.  

I didn't have my camera with me so no pictures.  But I found an old Press Enterprise article about the home and a fellow Rainmaker's blog post about it as well.

If you haven't checked it out yet.  I recommend it.

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By Deborah Nance

NMLS#202003

Your Local Southern California Reverse Mortgage Professional

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Equal Housing Lender

iReverse Home Loans, LLC, NMLS#810502 originates reverse mortgages in Alabama, Alaska, Arizona (MB-0919584), California, Colorado, Connecticut, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon (ML-5378), Pennsylvania, South Dakota, Tennessee, Texas, Utah, Vermont (1164-MB), Virginia, Washington and Wisconsin. 

Important Information: Reverse Mortgages are neither "endorsed" nor "approved" by the Federal Government. The FHA (Federal Housing Administration) provides certain insurance benefits for lenders and borrowers in connection with the lender’s HECM loans; the FHA does not make or originate loans. The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage loan to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, we strongly recommend that you consult with a qualified independent housing counselor, family members and other trusted advisers before making this decision. This website is not from HUD or FHA and was not approved by HUD or any government agency.

Comment balloon 0 commentsDeborah Nance • November 14 2010 09:18PM

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