Trisha Solio

For Those of Us of a Certain Age

I have worked with many people through big life changes--buying a first home, selling that one and buying the next, sometimes numerous big moves.

Lately I've been getting a lot of calls to talk about the next phases of life. And I've been thinking about it myself.

  • How will I live my later years? Where do I want to end up? How many more times will I move?
  • Can I stay in this house for the rest of my life? Will I need to be on one floor? Will I need to downsize?
  • How much is my house worth now? How much money will I have going into the future? How much money will I need?
  • Will I be doing it alone? Where is my community now and where will it be in 10, 20, 30 years? Will I have housemates in my later years the way I did when I was younger?
  • How do I plan to retire someplace warmer, even part time?
  • How are other people going about this?

I'm planning to get some people together to dream up our next stages.  We can brainstorm, share stories, ideas, and plans, maybe find like-minded people. I could invite some tax, financial and legal professionals.

Is this something that interests you? Are there other topics you would like covered?

Call or email me if you want to be part of this conversation.

Best wishes,



    1. Foster on

      Oh Jessica, This is a beautiful turtibe to Ricky I know how proud he must be of you and the woman you have become.Thank you for doing such a beautiful job sharing these precious memories.Luv you BIG!!!

      Short Sale in 2014? No "Debt Forgiveness" Tax Worries

      In  general, tax law identifies the difference between what a borrower owes and what a borrower actually pays to the bank in a foreclosure or short sale as taxable income. This can be a nightmare for already cash-strapped sellers. There is good news, though.

      As a result of recently passed legislation, sellers won't pay tax on any mortgage debt forgiven or cancelled by a lender in a short sale, foreclosure or loan modification in 2014.





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        Boston Area FHFA Conforming Loans Limits Rise, New 3% Down 1st Time Buyers Program

        The Greater Boston Association of Realtors reports good news for home buyers in 2015.

        For mortgages acquired by Fannie Mae and Freddie Mac, the conforming loan limit for a single-family home will remain at $417,000 next year for the majority of the country. In some markets, however, jumbo loan limits will rise, reflecting that these areas have seen home values rise by some of the largest amounts in the past year, says the Federal Housing Financing Agency (FHFA). Limits in the Boston metro area, including the counties of Essex, Middlesex, Norfolk, Plymouth, and Suffolk, will jump from $470,350 to $517,500.

        In related news, in an effort to open up lending to more low-income and first time home buyers, Fannie Mae and Freddie Mac have announced their intentions to start backing mortgages with down payments of as little as 3% of a home's price. But borrowers will still need to meet strict criteria first.

        The new loans will only be issued to those who buy private mortgage insurance, have a credit score of at least 620 and offer complete documentation of their income, assets and job status. And, to further mitigate risk, the agencies will require borrowers to receive home ownership counseling.

        Both programs are for fixed-rate loans given to first time homebuyers and those seeking to refinance. Fannie will start backing the loans as soon as December 13, while Freddie will start offering them March 23, 2015.

        The move should expand access to credit for first-time homebuyers, typically younger buyers who have not have had enough time to save a big lump sum.

        Fannie and Freddie already back mortgages with as low as 5% down. And the Federal Housing Administration insures 3.5% loans.




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