Getting out of Foreclosure Trouble on the Ilyce Glink Show June 5, 2011: Housing prices are back, nationally, to where they were in 2002. Basically this means that a full nine years of home equity has been wiped out. With the latest housing data in mind, people continually ask me if I think the bubble [...]
Q: I recently traded in an old lease vehicle for a new one. The payment is slightly lower on the new car than it was on the old car. When they ran my credit score, it was 747. How much will my credit score drop with this new car lease I just signed? I thought [...]
What's the forecast for the housing market for the rest of 2011? My prediction is that the market will continue to suffer for the balance of this year and well into next year. Why aren’t home buyers buying? Maybe they’ve heard the recent spate of bad housing news: Home prices fell again, and housing experts [...]
Q: I am writing this for my son. He is recently divorced and his ex-wife signed their home over to him as they were underwater and had no equity in the home. However his mortgage payment is based on two incomes. He applied for a loan modification under a "hardship" rule, and sent in all [...]
How to Teach Kids to Save Money on the Ilyce Glink Show May 22, 2011: Thinking about how to teach your kids to save money? That's the topic for discussion on this edition of the Ilyce Glink radio show. Listeners called in with some of their most creative ideas and suggestions. Some were highly practical, [...]
Household budgeting has become a priority for American consumers. While many families continue to struggle under the weight of the Great Recession, CredAbility's Consumer Distress Index offers some comforting news: the level of consumer distress is beginning to ease. The Index, which tracks the financial health of of the average U.S. household consumer on a [...]
Everyday Money Saving Tips on the Ilyce Glink Show May 29, 2011: Everyone can take advantage of easy ways to locate extra money in their budget. I am not talking about low hanging fruit, but fruit that is already lying on the ground. With minimal effort, you can unearth some everyday money saving tips that [...]
Last week, I answered a question from a reader who is renting out a single family home (his former primary residence) that is too big for him. He is now renting a different property and had some questions about whether the income from the rental property could be deducted somehow from the rent he is [...]
With housing values continuing to fall and mortgage interest rates at record lows, this has to be the best time in decades to buy a property – if you have the cash and credit to get to the closing table. In the latest set of numbers, the National Association of Realtors reported that more than [...]
Q: My wife and I live in a loft condo complex that we purchased in 2006 for $270,000 with a zero down 5/1 adjustable rate mortgage (ARM) at 6.25 percent that is set to expire next month. There have been several foreclosures in the building and the units are only appraising for $180,000 to $200,000. [...]
