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 [...]
Real Estate, Credit and the Economy panel - midyear report 5 p.m. CDT Hutton Hotel Penthouse, 1808 West End Avenue, Nashville, TN Household expenses outpace income, the real estate market continues to flounder and lenders are still holding tight to their purse strings. Yet each year the economy seems to be growing more than [...]
Mortgage fraud cases and other types of fraud are still haunting the real estate market. To avoid fraud and scams, don't pay money upfront. Appraisal fraud. Mortgage fraud. Foreclosure fraud. Foreclosure rescue fraud. There are so many ways to scam home buyers, homeowners and lenders. According to the FBI’s mortgage fraud website, the tally of [...]
If you want to refinance to pay off your mortgage early, consider if refi allows you flexibility to comfortably pay off your mortgage. Q: We presently have a 20-year 5.5 percent fixed rate mortgage with about 14 years left to go. We owe approximately $163,000. Our home appraised for $200,000. We would like to refinance [...]
Career changes and happiness can be tied together. Do you listen to job advice that tells you to pursue your dreams? And as usual, providing personal finance advice, real estate advice and consumer advice with Ilyce Glink on the Clark Howard Show July 9, 2012 on WSB Radio. I am not usually in the business [...]
If you have inherited a home with a mortgage, and don't know what to do, you have options. You can sell the home, rent it out or live in it. Q: My mom and dad have refinanced their home with a 40-year mortgage. They are both 71 years old. Have you heard of this type [...]
Getting a mortgage when self-employed can be difficult. Look for a specialist mortgage lender that often deals with self-employed people. Q: Are there specialists that provide mortgage services for self-employed professionals? My long-time personal bank seems lost when it comes to analyzing my ability to repay a mortgage. I would like to work with a [...]
