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fha reverse mortgage

When you decide to apply for a fha reverse mortgage, you may be happy to discover that these loans work almost exactly like they would in any other state. First of all, you are only allowed to apply for one if you are a certain age. You must be at least sixty-two. However, if you own the house with another person, you will need to ensure that they are also at least sixty-two. If they are younger than you, you will have to wait until their sixty second birthday.Then, you will have to meet certain requirements with your home. An FHA (Fair Housing Authority) appraiser will determine how much your house is worth. Then, the loan will be based on that amount and your age. Essentially, the older you are, the more you will get in terms of monthly payments. If you do not own your own home outright, you may be eligible to get a reverse mortgage in California based on the equity in your home. Finally, you will have to make sure that you meet the other requirements. These loans can usually only be offered on homes that do not exceed a certain value. They also can only be made on residences that you live in. However, they do not have to be single family homes. These loans can also be used on owner occupied duplexes as well as some other multi family structures. Once you are approved, you can start enjoying your money. It will come to you in monthly installments.

Keeping California Consumers Safe from Toxic or Hazardous Chemicals

In 1986, California passed the Safe Drinking Water and Toxic Enforcement Act. Commonly referred to as proposition 65, this required California businesses both domestic and international to make customers aware of the various potentially toxic chemicals that are used in the production of products that consumers purchase. This was meant to help inform consumers of potential health risks concerning the products that companies produce. However, even though this piece of legislation has been in existence for almost 30 years, there are still plenty of companies that are less than forthright about the potentially hazardous chemicals that they have exposed their customers to through the products and services they provide.

What this has done is created an enormous need for individuals backed by legal professionals to ensure that the mandates pursuant to this particular proposition are followed to the letter. In situations where this proposition isn’t strictly adhered to by various companies, individuals in concert with legal professionals have been able to successfully bring significant legal action through class-action lawsuits against companies that are not fully compliant with the standards set forth by Prop 65.

If you as an individual feel that a business is less than forthcoming about the toxic or hazardous chemicals that they expose their customers to on a regular basis or if you have proof that a company is knowingly or negligently holding back this information, it’s important that you seek out legal representation in order to bring these sorts of legal actions against companies in question. In these situations, it’s not about winning money but it’s about being an effective force in making sure that people in general and their welfare is being considered by the companies that they do business with on a regular basis.

There are many different benefits to informing consumers about potentially toxic or hazardous chemicals and that is precisely what the Safe Drinking Water and Toxic Enforcement Act of 1986 was drafted to do. It has been extremely effective in making customers aware of potential hazardous chemicals and it has helped to reshape the way products and services are presented to consumers in the state of California. However, there is much work left to be done that’s why if a company is willingly or negligently not in compliance with Prop 65, it’s important that legal professionals as well as residents of the state of California keep these companies honest.