Selling your home in a short sale is better than going into foreclosure, but you might face a deficiency judgment from your lender. Q: In one of your recent columns, you referred to the term deficiency judgment when discussing a short sale. What if you closed on a short sale, but the lender reserved the [...]
Tax predictions for 2013 with guests Bill Nemeth, Merry Brodie and Chet Burgess. The IRS is ready to collect your taxes and returns. Plus will Congress act to avoid the fiscal cliff? And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show on December 23, 2012 at [...]
Welcome to the show notes for my annual year-end tax show on December 23, 2012 at 11:00am Eastern Time. In all of my years of being on WSB radio (and I’m thinking it’s about 15 or so), I’ve never had a year where so much was left undone this close to the end of the [...]
Using a home equity loan to remodel can be a good decision, especially if you might need cash for future living expenses. Q: I have bought and sold many homes in the past. I made money on all but the last one, on which I lost money big time. I recently bought a little house [...]
When hiring a home improvement contractor, don't forget about the permits and inspections that are required by your city. Q: I read your article on how to hire a contractor and thought it was very good, but two items that were not brought up were permits and inspections. Often, the homeowner doesn't factor in the [...]
Removing someone from a home deed can be tricky and expensive. Find a real estate attorney to discuss your options. Q: When mom paid off her home years ago, she put the deed to her home in my sister’s and my names, so there wouldn't be red tape if something happened to her. Years later, my sister [...]
Transferring trust property with a 1031 tax exchange must be done carefully, or the beneficiaries could lose their inheritance. Q: My father recently passed away. He had a trust and in that trust he listed a property for me and my brothers to inherit. The property was a commercial building in Southern California. Two years ago, he [...]
If you are trying to refinance by using a quit claim deed, you should consider whether inheriting the property would be a better option. Q: We prepared and filed a quitclaim deed transferring my father’s house to me so we could refinance to get some cash for my father from the equity of the home. [...]
Discussing financial New Year's resolutions for 2013 and the impact of the fiscal cliff on job advice and the ability to save money. Also a bit on the tragedy in Newtown and the Sandy Hook Elementary School. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show [...]
