Our neighbors recently put their home on the market. They received an excellent offer within 24 hours of listing the property and got more money for their home than I thought they could. Meanwhile, two other neighbors have had their homes listed for a lot longer and don’t have any offers. What did these neighbors [...]
Q: My sister owns a rental property in California that had approximately $200,000 in equity. She owes $200,000 on the mortgage. This property is now valued only at about $250,000. She also has a mortgage on her primary residence nearby. She wants to give me the rental property which will become my primary home. I [...]
Q: When I was married, my wife and I signed a loan to buy a home. We got divorced, but she was awarded the house in the divorce agreement and stayed in the property for a few years after our marriage was finished. I had to sign a quit claim deed and in the divorce [...]
Solving the Debt Crisis with Ilyce Glink on the Erick Erickson Show August 1, 2011: It's a big day for business news, starting with the pending Congressional vote on a plan to resolve the debt ceiling debate and arrive at a deficit reduction compromise. Will productive steps be taken toward solving the debt crisis? Eric [...]
When Weather Affects the Economy on the Ilyce Glink Show July 31, 2011: This week we rebroadcasted a favorite show from July 17, 2011. This summer has witnessed its fair share of extreme storms where I live in the Midwest, as well as around the country, so that prompted a discussion about what happens when [...]
Q: Does doing a 1031 exchange inside an LLC come with any additional headaches? A: A 1031 exchange is term used to describe the sale and purchase of real estate that defers the payment of any federal income taxes. If you own investment real estate, the federal government allows you to sell that property and [...]
In its latest report, RealtyTrac announced that foreclosure activity fell in 84 percent of metro areas with at least 200,000 residents on a year-over-year basis. That’s the good news. The real question is how long will it last? According to the company’s mid-year report, California, Nevada and Arizona cities accounted for all top 10 metro [...]
Q: I am hoping that you can help!!! We have contacted so many people and everyone tells us the same thing. My wife and I make too much money for them to help us. There are so many issues and factors that the end of the rope is coming closer and closer and we don't [...]
Q: I’ve been hearing that there are new resources for people who are unemployed to help save their homes. I’ve been out of work for 9 months, and while I have been looking hard to find a job, I haven’t found anything yet that comes close to what I was earning before. In the meantime, [...]
Housing Crisis News on the Ilyce Glink Show July 24, 2011: What passes for good news in the fifth year of the housing crisis? The good: Countrywide Mortgage Gives $108 Million to Homeowners Who Were Overcharged. Building permits issued in June 2011 were up 2.5 percent from May, and up a whopping 6.7 percent from [...]
