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should a retiree sell there home?

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decoratorjr121 Joined: 15 Jul 2010 Posts: 1 1.00 Dollars($)	Posted: Thu Jul 15, 2010 4:45 pm    Post subject: should a retiree sell there home? Like 0 Dislike 0 in this economy would it be good for a retiree and wife to sell there homr in order to get out of debt, Pay off credit card and equity line of credit. We have another home in another state that is paid for free and clear, but would need some remodeling to live in.
adonis Joined: 22 Oct 2005 Posts: 10258 Location: ALASKA 1044.81 Dollars($)	Posted: Thu Jul 15, 2010 10:07 pm    Post subject: Like 0 Dislike 0 Hi decoratorjr, If you do not want to keep the said property, then you can sell it off and use the sale proceeds towards paying off the credit card bills, equity line of credit and other dues. As far as the improvement on the other property is concerned, you can take out a reverse mortgage on that property and improve your home. _________________ Procrastination is the enemy of your financial success

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