What can we expect from the ongoing eurozone crisis and the US? This week was a good one for investment in the stock market, despite the uncertainty in Europe. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show February 19, 2012 on WSB Radio. What a [...]
The foreclosure process and REO activity increased in January; is now expected to increase and accelerate according to RealtyTrac’s report. The foreclosure bottleneck is beginning to loosen, according to RealtyTrac’s U.S Foreclosure Market Report released Thursday. According to the report, foreclosure filings -- which include default notices, scheduled auctions and bank repossessions (REO) -- rose [...]
While you may want to just mail your keys to your lender and move on to a new job, you may need to short sell your home first or have the lender agree to a deed-in-lieu of foreclosure. Q: We have a home in Marietta, Georgia and our mortgage balance is about $190,000 and the [...]
If you are retired and want to get a mortgage, you may not be out of luck, depending on your assets and income. Q: I'm nearing 70 and my wife is 46. I want to buy her a house. I have "enough" in savings and can buy the home outright. She has solid income and [...]
Sellers trying short sell their homes find that lenders the biggest obstacle to closing the deals. Filing a consumer complaint may help. Q: I am having a horrible time dealing with my mortgage lender (one of the big five that was just named in the $25 billion foreclosure settlement) in getting my short sale to [...]
Good estate planning requires you to update your will to make sure your wishes are met and your heirs aren't left wondering whether your wishes were satisfied. Q: Our mother passed away quite suddenly. She had her old will out on her table as if she were going to update it. The will that we [...]
You'll often hear people ask whether they should prepay their mortgages, and for many it makes sense to prepay. Q: I hear and see so many financial advisors and experts recommending that people pay off their mortgages by making an extra mortgage payment each year. The reality is that it would be easier for the [...]
