My blog is about Reverse loans and providing the latest information about them but it is also a resource for people who are seeking information about other issues of aging and due to the fact that I have a very large resource of professionals that provide services to senors and their families, I like to share that once in awhile on this site.
Whether they need a really great Estate Planning Attorney, help with a parent who has Alzheimer’s disease, in home care giving or any of the other issues that families and or the senior’s are faced with each day. I have the resources and information at hand.
Unfortunately there are many adult children who are taking care of their parents needs each day and at the same time, they may be working full-time ( and taking time off from their jobs because of emergencies with their parents), married and still have young children at home that need their attention.
They are referred to as “The Sandwich Generation”.
Soon the burden of taking care of their parents becomes far too difficult and stressful and quite frequently results in them developing a serious illness. And it is not unusual for them to actually die before their parents passes, due to the enormous psychological stress associated with the demands of whatever the situation may be with their parents.
It’s important for them to take care of themselves and if at all possible, pay someone who is a licensed professional to relieve them of the burden. It is a burden and their should be no guilt about letting someone else take care of your parents, as no one is qualified to do the job except for a professional who is trained to handle the seriousness of being a caregiver.
Please read the description below from Coast Caregiver Resource Center if you find yourself overwhelmed, angry, exhausted and feeling helpless and hopeless in trying to do the best that you can for your parents.
Enjoy your time with your parents and let go of any feelings of guilt about not being with them all of the time. You have a life, too.
They are a wonderful resource for help when you need it the most.
COAST CAREGIVER RESOURCE CENTER
Coast Caregiver Resource Center (CCRC) is one of eleven regions in the statewide non-profit California Caregiver Resource Centers that was created over thirty years ago to provide support services for family caregivers of persons with brain/cognitive impairment, such as all dementias, Parkinson’s and Huntington’s diseases, stroke, brain injury and many more. Services include assessments of the caregiving situation and needs, action plans, educational information, resource referrals, ongoing consultations, support groups, and emotional support.
CCRC includes three counties, Ventura, Santa Barbara, and San Luis Obispo, with family consultants in each county with masters’ degrees in related fields. Each region has a host employer, and CCRC’s is Cottage Health in Santa Barbara. CCRC is a program of Cottage Rehabilitation Hospital. Contact may be made through the main office in Santa Barbara at 888-488-6555 or firstname.lastname@example.org.
One of the best resources for accurate information about Reverse mortgages is through a HUD approved counseling agency.
As a matter of fact, no one can apply for the loan without completing a counseling session which is typically done over the telephone in about one hour.
Once it’s completed the counselor will send a HUD Counseling Certificate to the individual(s) for them to keep and use if they decide to apply for the loan.
Here is a copy of an article that was published a couple of months ago with more details about this important resource.
“From an educational standpoint, Home Equity Conversion Mortgage (HECM) counselors are the first line of defense in the ongoing struggle to dispel the most common reverse mortgage myths and misconceptions.
Mandatory HECM counseling provides seniors with the necessary exposure to make an informed decision about getting a reverse mortgage. Like originators, the job of a HECM counselor is also rooted in education as they help prospective borrowers more clearly understand the inner workings of reverse mortgages.
Despite this dual effort on the educational front, and the wide variety of positive press from the mainstream media lately, several reverse mortgage illusions have yet to evaporate into the ether.
Borrowers, in fact, still own their homes
One of the most common misconceptions of reverse mortgages is that borrowers automatically relinquish ownership of their homes once they obtain a HECM.
Perhaps the result of negative media representation in the past, the lingering effect of this myth has obscured the truth about reverse mortgages among the general public. The reality is often a pleasant revelation for seniors once they undergo HECM counseling.
“Seniors are under this misconception that they don’t own the home anymore—the lender does,” said Sherry Tetreault, a Tenn.-based certified credit counselor with ClearPoint Credit Counseling.”
Jason Oliva/Reverse Mortgage Daily
Due to the fact that this article is quite long, I plan on sharing it in two additional posts here on my blog.
If anyone would like a list of some HUD approved counseling agencies, please contact me as there are several different ones to chose from, but the counseling process is uniform.