Are you looking for a job? According to a new survey, so is the rest of the world. The numbers are kind of bleak. Last week, unemployment claims fell below 400,000 for the fourth week in a row. Which seems like good news, especially since the ranks of those receiving unemployment benefits declined to a [...]
When you obtain a mortgage, your lender will likely require a real estate tax escrow and an insurance escrow to protect the lender's interests. Q: Is it true once a tax escrow has been created as part of a mortgage loan application or refinancing and the loan has closed, and if the loan is with [...]
Given a choice in this housing market, buying a new house may be a better long term option than refinancing your home into a lower rate mortgage. Q: My husband and I have approximately $140,000 left on our mortgage with only 7 to 8 years left. It’s a 15-year mortgage with a 5 percent interest [...]
Abandoned camper claimed by mom may be up for grabs. Q: I live in Alberta Canada. On August 11, 2011 my son and his girlfriend unloaded a camper (hers) in my yard. They didn't ask but he is my son. They have now separated. Can I withhold the camper from her as it is on my property [...]
Is it time to refinance your mortgage again, even if you have recently refinanced? Maybe. Q: I was listening to your radio show on Sunday and after what you said about your mortgage, I'm thinking I should refinance again. My house appraised at about $400,000, and my mortgage balance is about half that on a [...]
Tax incentives and tax deductions for real estate investors is suggested to be the cure to the housing market meltdown and the problems in the commercial real estate market. Q: With the U.S. real estate market still at death’s door – and the prospect of a “triple dip” for commercial and residential prices a very [...]
Low balance loan may be difficult to refinance particularly when you have had the loan for some time. Q: I owe $58,000 on a conventional loan that has 11.6 years left. I was wondered if it is a good time to refinance or should I keep what I have. My interest rate is 5.7 percent. [...]
Merry Brodie and Bill Nemeth on the show. 2011 Tax Questions Answered. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show November 13, 2011 on WSB Radio. As 2011 winds down, this week's show was dedicated to giving listeners an opportunity to have their tax questions [...]
Today, we're answering your tax questions on the Ilyce Glink Show. We have Merry Brodie, an Enrolled Agent and owner of several Jackson Hewitt Franchises in the Atlanta area, and Bill Nemeth, an Enrolled Agent who is president of the Georgia Association of Enrolled Agents (4GAEA.org). What is an Enrolled Agent? Here's a summary from [...]
When you sell a Second Home, you may not get the tax advantages unless the home was an investment property and can defer capital gains. Q: We are considering selling a second home to find another one closer in proximity to our permanent home. We do not want to sell until we find another house [...]
