Ilyce Glink gives her advice on how to avoid common mortgage refinance scams in today's Real Estate Minute. If you don’t pay your mortgage, it’s much more likely you’ll fall victim to a refinancing scam. When you fall behind on your mortgage payments, your lender files a notice of default. This makes your financial problems [...]
Getting a new mortgage after a short sale or foreclosure is now possible for many Americans who lost their homes during the housing crisis. Even if you've gone through a foreclosure or a short sale, you can still buy a home. Here’s some good news: Hundreds of thousands of Americans who lost their homes in the housing [...]
How to find an honest real estate agent. Ask about the agent's real estate commission. Ilyce Glink explains more on agent commissions in Today's Real Estate Minutes. Can you trust your real estate agent? A better question might be: Do you know how your agent is being paid? By law there is no standard real [...]
Ilyce Glink explains how to avoid paying taxes on forgiven mortgage debt if you've done a foreclosure or short sale in Real Estate Minutes. If you go into foreclosure or complete a short sale, you could wind up owing tens of thousands of dollars to the IRS on your forgiven debt. But there’s a way [...]
Do you know what a seller disclosure is? Home buyers should go over the required seller disclosures before making an offer. As a buyer, you’ve got find out everything you can about the condition of a home before you even make an offer. Seller disclosure requires a home seller to tell you about any defects [...]
Ilyce Glink Show on WSB Radio: Giving real estate and personal finance advice. From refinancing your mortgage to finding the right real estate agent to your investment choices and your every day decisions on money, you can rely on Ilyce to give you the best advice on real estate and personal finance. Whether you’re thinking [...]
Quit claim deed tax implications can come in many forms. Selling a house with multiple owners can be tricky when paying taxes. Q: I own a house with my brother that we bought for $243,000. We now plan to sell it for about $323,000. My brother lived in it until last year and then rented [...]
Thinking about selling your home to a family member? Get a home value estimate first to double check your home's real market value. Q: Our parents left their home to me and my two sisters. The home is located in Oklahoma and was appraised at $49,000 three years ago. The home has a mortgage with [...]
Should you use retirement funds to buy a house? Borrowing from a 401(k) to buy a house can be a bad move. More in today's Real Estate Minute. If you have to borrow money from your 401(k) or other retirement accounts to fund your down payment - don’t do it - it’s just not worth [...]
When determining value of a commercial property, know the different methods available of how to value commercial property properly. Q: Our bank came in with an appraised value that is about one-third of what we originally borrowed from the bank in 2006. Our loan is coming due (we had a balloon loan) and we need [...]
