If you are looking to buy a co-op but get rejected by the board, you recourse for getting back the money spent on fees and costs of purchase is low. Q: I was trying to buy a co-op. I found a property and paid fees for appraisal, lawyers’ fees to my attorney and to the [...]
Declaring bankruptcy is an option to help underwater homeowners. When in default you can consider a strategic bankruptcy. Q: About a month ago, you wrote an article about strategic default options for underwater homeowners. I was surprised that you didn't mention bankruptcy with surrender as an option for underwater homeowners. Going beyond strategic default, there's [...]
Q: We own a home in Georgia, but due to a job change, my husband moved out of state and took a large pay cut. I stayed in the home for a year after he moved and we depleted our savings during that time. We were finally able to rent the home, but the rent [...]
What if you could give the economy a huge shot in the arm without costing the taxpayers anything extra? What if at the same time, you could make it easier for people now living at the margins to stay in their home? For the last two years, mortgage interest rates have been falling to the [...]
Q: We recently moved to Las Vegas and expected to have a very easy time finding a home at a great bargain. Our budget is up to $260,000, and we're looking for a three to four-bedroom home with a pool. In the last month, we have lost out on four homes which we have submitted [...]
Q: My husband and I purchased our first home in 2011.The home is a four-story town house located in Washington, DC. First built in the 1880s, it has had many owners and updates. After purchasing the home and living in it, we notice the home shakes every time a truck drives down the street. The [...]
I'm off this week! Enjoy an encore presentation from the May 6, 2012 Ilyce Glink Show. Your job is on the line. Unemployment figures released this week were nothing short of awful. What job advice can be given without serious worker growth? And as usual, providing personal finance advice, real estate advice and consumer advice [...]
Click here or on the eBook cover to download your free copy. Enjoy! Want more ways to save? Check out this post for more simple and easy tips to save money.
Q: I put an offer in at 20 percent above the asking price for a property in the neighborhood. The house was originally priced about $70,000 and then later reduced it to about $50,000. We don’t know why the owners reduced the price. We put in an offer at around $60,000 as the sellers called [...]
Home prices still falling and that continues to have an impact on the housing market. CoreLogic is interpreting the data positively but the implementation of the $26 billion dollar mortgage settlement means more foreclosures are coming to weigh down home values. CoreLogic a leading provider of housing market and real estate trend information released its [...]
