When I was touring South Africa as a recent high school graduate in the summer of 1996, a strange pattern caught me by surprise. In more than a few instances, when I informed a stranger that I hailed from the city of Chicago, Illinois, their first question was: "Are there still gangsters?" The [...]
Occupy Wall Street: What Consumers Are Angry About. Ilyce discussed this topic along with other questions from callers, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show October 16, 2011 on WSB Radio. As the Occupy Wall Street movement marks its sixth official week, many who have not followed [...]
I was in New York this past week attending the mid-year Society of American Business Editors and Writers (SABEW) conference at CUNY's Graduate School of Journalism building (which happens to be next door to Parson's School of Design and the gorgeous New York Times building). A big topic of conversation at the conference was the [...]
I recently joined the advisory board for a new company called eCredable. This company reports credit accounts under the same federal and state guidelines as the national credit bureaus, but the consumer is the one that is in charge of the report. The consumer is the one that selects the accounts that will go into the report [...]
This head-turning image does not represent a really unique and expensive child's playhouse. While the striking structure looks like two playful eyes rising out of a hill, the property is actually someone's dwelling - a grass dome home. And it can be yours for $1.2 million. The grass dome home was constructed in Atlantic Beach, [...]
What would be better, the withdrawal of 401k funds or to obtain an home equity loan to pay for wedding expenses? Q: I am 57 and my husband is 62. We would like to borrow $25,000 to help pay for a wedding for our daughter. We purchased a townhome in 2004 for $230,000 at an [...]
Underwater Mortgage may Lead to Strategic Default Can honor ever exist in a strategic default or foreclosure when you have an underwater mortgage? Q: My wife has a home that we currently live in that she purchased back in 2003. We find ourselves in a place where we can no [...]
Deed-in-lieu or Foreclosure on a vacation second home is not a sure thing with a bank. Q: I have applied for a deed-in-lieu of foreclosure on a vacation beach home I own, but can no longer make the payments. I'm 72 years old, semi-retired with a mortgage on my primary home. If the bank doesn't [...]
If you stop paying on your mortgage or consider a strategic default, your credit score will take a big hit. Q: Let’s say I stop paying my mortgage each month. And let’s say there is some time before the house is foreclosed. Who continues to cover insurance, utilities and such? What impact does [...]
Mortgages and Interest Rates are still dropping. Ilyce discussed this topic along with other questions from callers, providing personal finance advice and real estate advice on the Ilyce Glink Show October 9, 2011 on WSB Radio. More personal finance advice on WSBRadio. This week, on my show, I just had to talk about it again, [...]
