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. [...]
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, [...]
