House Calls: Buying at 70
Dear Edith: What do you think of an older person buying a house or a condo? I'll be 70 this year. I am single, and I have excellent credit. I've been looking for an apartment, and landlords seem to really jack up the prices, at lease this time of year. I pay $1,100 a month, so I think I can afford a mortgage. Thanks for your thoughts. -- M.
Answer: I know nothing about your finances or where you're looking, so I can't give you advice on that score. But being older is no reason why you shouldn't become a homeowner. I'm old enough to be your mother, and I still live in my own house.
At any rate, mortgage lenders are not allowed to discriminate on the basis of age. They cannot even ask how old you are.
And, by the way, you might prefer a condo so you can be free of maintenance worries and expenses.
Hello, Edith: I am contacting you with regard to an issue I currently have with a dangerous tree in my neighbor's yard. I have gone through my insurance company to get advice and sent my neighbor a certified notice, for which she refused to sign. We then sent priority mail, which we have proof from USPS was delivered.
We have tried to talk to her and gotten no response. We have even offered to pay to take the tree down, and we just got silence. Our village recognizes it will hit our house -- and maybe us, too, if we're in the wrong place at the wrong time -- but refuses to assist even though it is a civil matter.
I have managed to find out where she has a mortgage, but the lender won't give me her insurance company's name, so we can't get it involved.
Her house is currently in disrepair. I think it's in her advantage for the tree to fall. Unfortunately for us, the larger part would head our way.
I am desperate to get this resolved. Do you have any advice? -- A. S.