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"Ask the Expert"

What are reverse mortgages and can a condo owner qualify?

Q. I keep hearing about reverse mortgages. Would my condo qualify for a reverse mortgage and what are the benefits?

Can a rent to own condo tenant serve as a board member?

Q. An owner in our building has a tenant who has a contract to purchase the unit on a "rent to own" basis. Since the tenant is not yet legally an owner, can she be responsible for voting on the board members or even serving on the board herself?