I’ve been hearing lately from homeowners who are preparing to list their homes for sale. They know the market isn’t great, but they’ve been waiting for a year or two to move on with their lives (this is known in the industry as “pent-up demand”) and have decided to go for it. Whether your home [...]
Q: My job is relocating out of Atlanta about a year from now. I have contacted three real estate firms in the Forsyth county area where we live, but they are not taking listing. I have no idea what the reality is of selling a home in this market and do not know what properties [...]
Jobs and the Economy with Ilyce Glink on the Clark Howard Show July 7, 2011: It's midsummer and there's been somewhat of a welcome slowdown in the news cycle. That said, there's still plenty of talk about jobs and the economy. The Labor Department released its monthly jobs report and there was finally some good [...]
The Federal Housing Administration (FHA) provides mortgage insurance on loans made by FHA-approved lenders throughout the United States. These mortgages include those taken out for the purchase of single family and multifamily homes, including manufactured homes and hospitals. The FHA is the largest insurer of mortgages in the world. FHA mortgage insurance protects lenders against [...]
Mortgage News and Air Travel Security with Ilyce Glink on the Clark Howard Show July 6, 2011: This week, the Justice Department announced that it is suing the nation's largest mortgage insurance company, and two of its underwriters, alleging discrimination against women on maternity leave. Mortgage Guaranty Insurance Corporation (MGIC) allegedly required women on leave [...]
Fourth of July Weekend on the Ilyce Glink Show July 3, 2011: Happy Fourth of July weekend to my entire listening audience! I've just returned from Europe and I've got some great information for you if you're planning a trip to the Continent. Do you know there's actually a place in Paris where you can [...]
Q: My wife has had a wage garnishment made against her for a debt she knowingly owes of about $4,000. An independent company (an ambulance chaser of sorts) bought her debt from the bank and allegedly sent her a letter for court which we never got. She then got a letter saying her company is [...]
Q: In the summer of 2006 I bought a condo in Las Vegas with a friend. At the time, we were both successful online poker players and we were spending a lot of time in Las Vegas for live tournaments. We put down 20 percent and took out a traditional 30 year fixed rate mortgage. [...]
Q: I just read your article, "Why Homebuyers Aren't Buying" and I wanted to offer an additional possibility. For us seasoned buyers, we have become corrupted by the current atmosphere of lending practices that are out there, and we probably influence the decision of new buyers as they set out to seek their first home. [...]
Q: I inherited a condominium in Naples, Florida from my parents. The property has a mortgage of $200,000 and is worth about half that much. My parents owned it with my uncle and his wife, who are still alive, so now I now have this property to split expenses including the mortgage with my uncle. [...]
