When retiring with a mortgage, you should really think about whether downsizing would make more financial sense. Q: I currently have 10 years left on my home mortgage of about $200,000 and I am 64 years old. I plan to work past 70, but I am concerned that my job might disappear or that I [...]
Short sales are the only options for many homeowners, but its tax implications continue to affect the housing market. There is very little that makes short sellers happy these days. But we recently heard from one who finally at least made peace with his problem. It took two years, but our correspondent finally closed on [...]
Adding children's names to house title and deed. How it can affect your property taxes, income taxes and real estate taxes. Q: I currently own a home that is paid in full, with no mortgage. I want to add the name of my daughter to the house deed. Would you be able to tell me [...]
Gifting a house to a relative will affect your income tax and real estate property tax. Know the consequences of gifting vs. inheriting. Q: I thought you might have said on your radio show that you didn't advise giving a home away. My uncle is thinking of giving me an old house, but I didn't [...]
A new round of mortgage-backed securities lawsuits are making their way through the system. Mortgage lenders are charged with improperly reselling mortgage loans as shoddy investments. The housing market continues to try to make its way back. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show [...]
Trying to find great investment properties requires careful planning and research. The location and amenities of your home are important in deciding whether or not it will be an asset. Q: First off, I love all of your greatly informative articles and blogs. Thank you for providing the public with such useful information. I was curious to [...]
Choosing a real estate listing agent can be tricky. Sometimes a discount agent or fixed price agent can work just fine. Q: A fixed price real estate listing company is an advertiser on your radio show. I accept advertising for what it is. However, I do respect your opinion and really wonder if you would [...]
When the bank is stalling your short sale, there may not be much you can do to make the process go quicker. However, most banks realize that taking a short sale offer is better than the foreclosure process. Q: My husband and I purchased a home in 2006. But I lost my job in 2010, drained [...]
When calculating your property cost basis, it is recommended you speak with an accountant to correctly determine the purchase price between the land and home. Q: We purchased a single 22-acre parcel in late 2004. In order to refinance this year, we had to split the single parcel into a 4-acre parcel that contains our [...]
Foreclosure paperwork scandals continue to rock homeowners and the housing market. The Atlanta Journal-Constitution published a story of one specific mortgage loan case today. And usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show on December 2, 2012 at 11:00am Eastern Time on WSB Radio. We're almost at [...]
