Posted by Positive Aging SourceBook on 08/13/2021

Spotlight on Payment Options in Senior Living


A live and interactive discussion where we will learn about:
-Bridge Loans
-Home Sale Solutions
-Veterans Benefits
-Life Settlements

Elias P. Papasavvas, Founder & CEO, Second Act Financial
Before entering the senior living industry, Mr. Papasavvas was a CPA in the Banking and Real Estate Mid-Atlantic Division of Arthur Andersen. He holds a B.S. degree from George Mason University and a Master’s of Science in Accounting from the McIntire School of Commerce at the University of Virginia.

Suzette Graham founded Patriot Angels to lead a change in helping U.S. Wartime Veterans get approved for their Aid and Attendance pension from the U.S. Department of Veterans Affairs. Suzette has spent a lifetime advocating for the vulnerable. In February of 2000, Suzette received the “Heroism Award” from the Governor of Alaska, Tony Knowles, for her lobbying efforts in getting the laws changed to better protect children in the custody of the foster care system. As Suzette’s passion for assisting the vulnerable came to fruition, she established a team of advocates dedicated to providing funding solutions and Veterans Administration benefits navigation to Veterans, widows, families, caregivers, and communities. By utilizing Veteran pension funds made available through the Veterans Administration, our Veterans and their families can better afford their choice of accommodation in a senior living community, as well as alleviate the stress behind long-term funding.

Chat Transcript

12:14:25     From  Steve Gurney - ProAging Sourcebook : Here is the link to the moving and downsizing discussions we have had recently https://www.retirementlivingsourcebook.com/videos?q=moving+%26+downsizing

12:16:21     From  Burke Dillon   to   Hosts and panelists : Will we be able to get this power point?

12:18:19     From  Steve Gurney - ProAging Sourcebook   to   Burke Dillon and all panelists : yes we can share it and the recording!

12:19:19     From  Pam Feldman   to   Hosts and panelists : Are non-home owners' financial issues going to be addressed after home owners'?

12:22:23     From  Pam Feldman   to   Hosts and panelists : I've actually spoken with Patriot Angels and have discussed bridge loans (unfortunately, the final decisions aren't up to me).  But, it was very expensive to work with Patriot Angels.

12:22:29     From  Debra Hallisey : Patriot Angels were terrific, they helped me secure Aid and Attendant Benefits for my mom.

12:22:58     From  Nancy Toward   to   Hosts and panelists : Is there a cost to using Patriot Angels?

12:28:03     From  Steve Gurney - ProAging Sourcebook : This reminds me of the VA Medicaid Waiver program which is little known https://www.retirementlivingsourcebook.com/videos/understand-virginia-medicaid-and-waivers

12:29:57     From  Patty Grace : Can you help people in PA?

12:32:14     From  Patty Grace : How do we contact you to schedule a webinar?

12:32:57     From  Steve Gurney - ProAging Sourcebook : Import from CSV Edit

Elias Papasavvas (elias@secondact.com)

Suzette Graham (Suzette@patriotangels.com)

12:33:31     From  Laura Quigley : Compass, my real estate brokerage offers Compass Concierge which allows my clients to prepare the house for sale with no out of pocket costs, pay the costs at closing (no fees for the service - but do need to have equity in the home) Laura.quigley@compass.com

12:36:34     From  christina Green   to   Hosts and panelists : Hi Elias,

12:37:54     From  christina Green   to   Hosts and panelists : Hi Elias, How do we get the campaign and do you do presentations at communities?

12:38:12     From  Burke Dillon   to   Hosts and panelists : If I have enough equity in my home to finance what I need to buy into senior living, what are the pros and cons of a bridge rather than just refinancing my home and using the equity for the senior living ... particularly on scenario when I want to go back and forthe for awhile.

12:38:13     From  Bree Baldwin : Hip hip hooray for geriatric care managers (Aging Life Care managers)!! I am proud to be a part of that crowd. Bree Baldwin, Debra Levy Eldercare Associates, bbaldwin@care-manager.com

12:38:57     From  Patty Grace : Patty Grace

12:48:46     From  Hugh Reese   to   Hosts and panelists : Is a bridge load from your company and option for someone going through the 30-90 day process for a reverse mortgage to stay in their home?                                     Hugh Reese, CEO DwellAssured

12:52:35     From  Gail Hubberman : Gail Hubberman with MarketPro Homebuyers.  We are an alternative option if you want to sell you home for cash, quickly and hassle free. Thank you Elias and Suzette. This is very helpful, especially since we work with lots of vets. ghubberman@marketprohomes.com 301-337-4703

12:52:39     From  Steve Gurney - ProAging Sourcebook : Second Act https://secondact.com/

12:59:19     From  Gail Hubberman : I highly recommend you get help with veteran assistance. If you do not navigate the process properly what should only take a few months could end up taking years.



 

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