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Section | Real Property

Section Meeting: Real Property and Probate & Estate Planning

Reverse Mortgages: A Financing Tool For House Rich and Cashflow Poor Clients.

Homa Rassouli | NMLS #455497
Dr. Barry Sacks | J.D., Ph.D.

Our clients are part of the increasing aging population of Marin County and faced with the challenges of financially meeting expenses to live in the bay area. In this program, our guest speakers specialize in Reverse Mortgages and tax treatments and will educate real property and estate planning section members on other options available to their clients. Topics covered will be:

• What is a Reverse Mortgage? How does it work?
• Common Use of Reverse Mortgages
• Reverse Mortgage for a Home Purchase
• Guidelines for qualifications
• What type of property can be purchased?
• What determines the size of the down payment?
• Jumbo Loans/Line of Credit
• Reverse Mortgage Benefits
• Tax treatments/ recovering deductions

1.0 CLE | General

Choice of 2 entrees from Magnolia Park Cafe

Farmhouse Salad or Roast Turkey Sandwich

02/20/2019 12:00 PM 02/20/2019 1:00 PM America/Los_Angeles Section Meeting: Real Property and Probate & Estate Planning Reverse Mortgages: A Financing Tool For House Rich and Cashflow Poor Clients. 999 Fifth Avenue, 999 Fifth Avenue, San Rafael, CA, 94903 Marin County Bar Association false MM/DD/YYYY


Member Registration

Non-member Registration

Registration ends Feb 18, 2019

Early Bird Members: $20
Early Bird Non-Members: $

Members: $20
Non-Members: $

$25 for non- members

Date and Location

Wednesday | February 20, 2019

999 Fifth Avenue
999 Fifth Avenue
San Rafael, CA 94903

Speaker Information

Homa Rassouli

NMLS #455497

With more than 30 years in the financial services and mortgage industry (the last ten of which have been exclusively in the Reverse Mortgage business), Homa Rassouli is a professional who brings extensive knowledge and expertise to her role. She established a client base built upon core values of integrity, loyalty, diligence and compassion.
She is currently with Retirement Funding Solutions, a Mutual of Omaha Bank Company. Homa is a Rotarian and a Platinum Sponsor for The Marin Bar Association for the past few years. She has been a honorary President’s Club Recipient for the last 10 years. Homa is on the board of Financial Planners Association SF Chapter, serves on the board for The National Association of Insurance and Financial Advisors for Marin and North Bay. She is involved with the Novato /San Rafael Chamber of Commerce’s and Marin / North Bay Realtors Association. Homa volunteers her time at various non-profit and community organizations in her area. She is certified through American University to teach Reverse Mortgages to professionals. Homa spends much of her free time with her family, especially her three grandchildren

Email | Website

Dr. Barry Sacks

J.D., Ph.D.

Barry H. Sacks is a practicing tax attorney in San Francisco. He has specialized in pension-related legal matters since 1973 and has published numerous tax-related articles and articles on retirement-income planning.

Barry Sacks, Ph.D. and Stephen Sacks, Ph.D. shared their analysis of the reverse mortgage credit line in the Journal of Financial Planning. The research does not attempt to market the program; instead it simply states the findings. The researchers recommend three strategies for using the funds from a reverse mortgage credit line to increase the safe maximum initial rate of retirement withdrawals.

Sacks and Sacks reveal that the idea of using a reverse mortgage credit line as a last resort is a passive approach and drawing upon the reverse mortgage credit before other investments, the retiree’s portfolio plus home equity net worth after 30 years is about twice as likely to be greater compared to the passive approach.
This information may not be new, however it is exciting that financial planners are paying attention to reverse mortgages and are seeing the benefits.
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