Homeowner's insurance generally does not cover damage to land, landscaping or concrete, but getting land coverage is often not necessary. Q: I recently changed insurance agents. My last one was more elusive than Big Foot. The new one is telling me I am over-insured because my land or lot is also insured and doesn't need [...]
If you don't qualify for refinance, you may be stuck with the property - a strategic default on rental property will lead to foreclosure. Q: My question is regarding a strategic default on a rental property. As with almost all homes, my townhome is underwater by approximately $100,000. I live in Maryland and my wife [...]
Live at the WSB Care-a-Thon 2012 raising cash with Walter Reeves, author of the Georgia Gardener's Guide, to help fund family support services, research and the fellowship program at the Aflac Cancer Center. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show July 26, 2012 on [...]
Think before you buy into the housing market. Investment in property is more attractive than ever due to low mortgage loan interest rates and decreased home value - but you have to be careful. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show July 22, 2012 [...]
Ilyce filled in for Mike McConnell Tuesday morning on WGN Radio 720, where she talked politics, Mitt Romney’s slam on Chicago, the effect of the drought on corn and on the economy and answers your questions about the housing market and refinance. In the first hour, Ilyce defends "Chicago-style" after Romney slammed the city’s culture [...]
There are less underwater mortgages than last year, but foreclosures are still rising as the housing market struggles to regain lost equity. There was good news and not so good news about foreclosures this week. According to the latest numbers from RealtyTrac, a total of 1,045,801 U.S. properties experienced a foreclosure filing — including default [...]
You should file for bankruptcy if you owe more than you make annually and you understand how bankruptcy affects your credit score. Q: I have been unemployed for about a year and still have not gotten a job. I was paying my credit cards until a couple of months ago. My unemployment benefits stopped and [...]
Foreclosure of a rental building will not often lead to eviction if you pay rent on time. Foreclosure of the rental could mean bigger rates. Q: First of all, I adore your radio show! I drive rental cars for a living, and I listen to you each and every Sunday. Our problem in a nutshell, [...]
Once your mortgage is paid off, you need your deed, canceled documents from your lender and to take your lender off your insurance policy. Q: In early 1997, I purchased a home in Gwinnett County, Georgia. I have since paid off my mortgage and have a question I hope you can answer. I received a [...]
A mid-year economic report with panelists Greg McBride, Trey Loughran, Steve Ely and Doug Walker. Topics includes the credit crisis, homeowners and the housing market. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show July 15, 2012 on WSB Radio. I am broadcasting this week from [...]
