Though the late payments on commercial mortgages packaged as bonds rose past 10 percent for the first time last month, many investors believe the real estate market has hit bottom and significant.
Most of these women are divorcees and widows new to Florida, migrating from northern states and following friends. Just last month, a Florida court superseded federal law and ruled in favor of a reverse mortgage lender and not a widow whose Home Equity Conversion Mortgage-borrowing spouse.
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