Q: We just received our Annual Notice of Assessment from our county tax collector. The current value has remained the same as last year on the notice. But if you dig a little deeper online, you can see that the "building value" decreased by $34,000 and the "land value" increased by $34,000. My question is [...]
A Wall Street rebound early today after six weeks of losses suggests that bargain-hungry investors have been enticed back into the market. However, the housing starts report expected later this week could send limited gains back the way they came. The market is down nearly 7 percent from a yearly high achieved on April 29, [...]
What's Happening With The Economy on the Ilyce Glink Show June 12, 2011: It was yet another unpleasant week for the nation's economy. The Dow Industrials fell for the sixth week in a row, first time unemployment claims jumped to 427,000 and continued high prices at the gas pump placed a strain on overburdened family [...]
It was a tough week for the U.S. economy: The Dow Industrials fell nearly 200 points to wind up at 11,951. It's the sixth week in a row. The Dow suffered its longest slump through 2002. Blue-chip index fell below 12,000 for the first time since March. S&P 500 lost 2.2% this week to [...]
On today's Clark Howard Show, Earl called in and said his wife's purse had been stolen. He wanted to put a credit freeze on her credit history. I thought he might also want to file for a 90-day fraud alert. Here's what you have to do if you want to file a fraud alert or [...]
Q: My husband and I lost our home to foreclosure in October, 2007 after my husband lost his job. We really want to become homeowner's again and were wondering about the benefits of signing up with one of the non-profit housing agencies that offers a fix-up-your-credit program. Do you know anything about them and if [...]
I received yet another letter from a homeowner struggling to decide whether to do a strategic default, and leave the house he loves or to stay in a neighborhood that is now in a serious downward spiral. I’m printing the letter, my response, and his follow-up because I think it’s emblematic of the choice so [...]
Q: About 3 years ago my neighbor moved out and abandoned her home. Now I find that the house will be auctioned off for tax delinquency. The starting bid is very low. I would like to bid on and try to buy this home, and then use it as a rental property. I know about [...]
The Negative Equity Crisis and Second Mortgages with Ilyce Glink on the Clark Howard Show June 7, 2011: Folks, we've got ourselves a full-blown negative equity crisis. Recently released data from CoreLogic reports that 38 percent of American homeowners who have borrowed against their homes are underwater with their mortgages. This is staggering. Perhaps even [...]
The State of the Real Estate Market with Ilyce Glink on the Clark Howard Show June 6, 2011: According to an ever-growing number of experts, including myself, the state of the real estate market is sobering. The news last week about where home prices are going is frightening. Home values nationally are back to 2002 [...]
