The U.S. Department of Housing and Urban Development (HUD) unveiled a set of guidelines today designed to limit foreclosure proceedings against active duty military servicemembers and their dependents. Read the full press release below: HUD ANNOUNCES REVISED DISCLOSURE NOTICE ON PROTECTING HOMEOWNERSHIP RIGHTS OF THE MILITARY Federal Law Protects Rights of Servicemembers and Dependents WASHINGTON [...]
How to Teach Kids to Save Money on the Ilyce Glink Show June 26, 2011: While I was away on a long overdue vacation, we rebroadcasted a favorite show from March 22, 2011. The conversation centered around how to teach kids to save money. I shared a personal story surrounding a family trip to Arizona, [...]
Q: I have a retired cousin in Las Vegas, where as we all know, housing has declined 50 to 60 percent since the collapse began. I have observed many, many condos that can be purchased for a son, and are really cheap enough to pay for in cash.. Many of these properties seem to be [...]
Recently two random events occurred that led to an interesting discovery. The local phone directory company distributed their newest version of their big thick books that I rarely ever use or even think of. At around the same time, I needed to re-key a lock in our offices and stopped by our neighborhood locksmith. You [...]
Q: I have been unemployed for about 6 months and have just secured a job in another city. I will reach retirement age in about 6 or 7 years. I will most likely not retire in the new city I will be relocating. Should I try to sell my current home and purchase a home [...]
Anirban Basu wants the public to pay more attention to U.S. non-residential construction. “These non-commercial projects are how countries are judged,” he said, during our recent conversation about how non-residential construction, anything that is not housing, which includes roads, schools, hotels, and commercial properties, can be used as an economic indicator. “Look at China. They [...]
All About the Mortgage Market on the Ilyce Glink Show June 19, 2011: I realize that I probably sound like a broken record at this point, but the news from the housing market continues to worsen. It's even hard for the S&P Case/Shiller Home Price Index to tell what passes for good news anymore when [...]
Q: I am co-trustee of my mother's estate. I was informed by my mom’s mortgage company of the debt, $4,000.00 and that there is a lien on the condominium. I would like to settle the debt but the lender has the lowest level of "customer no service" and is not interested in settling. My lawyer [...]
If you’re looking to buy foreclosures or short sales, there are can’t miss opportunities out there, in every market. That’s what Mike Rose, an Atlanta-based loan officer with Wells Fargo, and I were discussing on my radio show recently. Rose had recently assisted a customer who bought a $50,000 house (he needed only a $40,000 [...]
Q: I am in the process of a property tax appeal. What are some good websites I can go to so that I can see how much property values in my area have dropped? A: There aren't really any good websites that have up to date information you can rely on for a home value. [...]
