Ilyce Glink show notes from her October 14, 2012 show on WSB Radio discuss the impact of the coming Presidential election and the economy. I am about to say something controversial: it doesn't matter who gets elected because we're not done with the hard times. Despite all the good news out there, I firmly believe [...]
If you have a condo or home that is deeply underwater, you have some options including paying off your mortgage, short sale or foreclosure. Q: With all the creative geniuses in the U.S., like Bill Gates, Mark Zuckerberg, and the Google guys, why is there not even one innovative, out-of-the-box genius to help people like [...]
If you have two mortgages, it is possible for the court to dismiss the second mortgage in a Chapter 7 bankruptcy filing. Q: My Chapter 7 bankruptcy was discharged this spring. My attorney had me reaffirm my primary mortgage prior to filing the Chapter 7. He said this would be necessary in order to ask [...]
If you are living in a home purchased by a family member, but are making the mortgage payments, transfer the ownership of the home. Q: Eighteen years ago, my husband’s aunt bought a house for us to live in. The payments and deed are in her name, however we make the payments, including insurance and [...]
Can you trust a company that is offering to rent your home in exchange for purchasing a new home? This deal may not make financial sense. Q: I just read an article in my local paper about a company that offers a service that guarantees the rent of an existing home for three years (and [...]
How long will interest rates stay low? Mortgage interest rates will stay historically low for the next three years. You can stop worrying that you’re going to miss these historic low interest rates. They’ll be around for at least another three years. The Federal Reserve announced Thursday that it would keep the Federal Funds rate [...]
Don't use your retirement savings to pay off debt, especially if you don't have a lot of debt or high interest rates. Q: My wife and I are both 47 years old and we both have Roth IRAs that we are maxing out each year. We have a total balance between the two accounts of [...]
Evaluate the pros and cons of renting versus home ownership before considering withdrawing from your 401k to pay for a home down payment. Q: My husband is considering taking part of our 401k after we retire and cashing it in. He wants to use that money as a large down payment on a home. It wouldn't be [...]
