Articles & Professional Info

If you or a loved one is a senior affected by the recent California fires and need a Power of Attorney to manage communications with lenders, insurance companies, and government agencies, Attorney Marty Burbank and OC Elder Law are here to help. For a limited time, they are offering free assistance to seniors in need. This offer may be withdrawn if demand is too high, so act quickly. Schedule a meeting using this link: https://calendly.com/lawgroup/new-meeting.

Fire victims with reverse mortgages need to focus on several key areas to protect their homes and financial stability: Insurance Coverage: Ensure your homeowners insurance is active and sufficient to cover repair costs. Property Condition: Maintain your property in good repair to avoid the reverse mortgage becoming due. Communication with Lender: Inform your lender about the fire damage and discuss available assistance options. Forbearance Plans: Explore temporary relief options like forbearance plans to manage mortgage payments. Documentation: Keep detailed records of all damage, repairs, and communications. Professional Advice: Seek help from financial advisors, insurance agents, or legal professionals. If the fire is declared a federal disaster, additional assistance is available through FEMA, including grants for temporary housing, home repairs, and emergency payments. Taking these steps can help you navigate the recovery process more effectively.

If your property has been damaged or destroyed by a fire, you may be eligible for property tax relief. However, to benefit from this relief, you must file the necessary documentation with your county assessor.