Ilyce

Foreclosure Freeze
Three major U.S. banks have gone into a foreclosure freeze after admitting to foreclosure processing problems including the use of robo-signatures. The three banks in foreclosure freeze are Ally, Bank of America and JP Morgan Chase. Real estate expert Ilyce Glink was on Good Morning America to discuss the foreclosure freeze and what it means for homeowners. The Good Morning America foreclosure freeze video is included below. UPDATE October 7, 2010: The NewsHour with Jim Leher also picked up the clip and used it in last night's show. It's embedded below. This post was updated on October 13, 2010 to reflect the news that Attorneys General in all 50 states announced a coordinated investigation into foreclosures, robo-signers, and whether a foreclosure freeze should be instituted nationwide.

Ilyce Glink Show Notes - October 3, 2010 - Dan Solin Visits And Talks About Investing What are the three index funds you need to be properly invested in the stock market? Should you buy Exchange Traded Funds (ETFs)? How can you figure out what kind of risk you're willing to take? Take Dan's asset allocation test. Links to the latest posts on the Equifax Personal Finance Blog and CBS MoneyWatch.com. Thanks to everyone who came to our Foreclosure 2010 event on Saturday. It was a great success. What kind of event should Think Glink hold next year? Leave your comments on the blog.

Ilyce Glink Show Notes - October 3, 2010 - Dan Solin Visits And Talks About Investing. What are the three index funds you need to be properly invested in the stock market? Should you buy Exchange Traded Funds (ETFs)? How can you figure out what kind of risk you're willing to take? Take Dan's asset allocation test. Visit Ilyce's blog for more information and links.

The qualifications for first-time home buyer tax credit are affected by your spouse. When trying to receive the first-time home buyer tax credit understand that your eligibility for the first-time home buyer tax credit is affected by your spouse. If your spouse has already owned a home you will not meet the qualifications for first-time home buyer tax credit. Previous home ownership by your spouse affects your qualification for first-time home buyer tax credit. To find out if you meet the qualifications for first-time home buyer tax credit are not affected by your spouse visit www.homebuyertaxcredit.com.

FHA 203k loan slows loan approval process for first-time home buyer. First-time home buyer using FHA 203k loans may find the loan approval process slowed because of FHA 203k loans. The loan approval process for FHA 203k loans is slower than the loan approval process for other loans for first-time home buyers. FHA 203k loans are the most complicated FHA loans and can slow the approval process for a home buyer.

Renting out homes for short-term rentals helps some homeowners avoid foreclosure. Some homeowners fight off foreclosure by renting out their homes. In prime vacation areas short-term home rentals help homeowners facing foreclosure. This trend has some communities questioning why homeowners would rent out their homes for short periods, but it may be the only way some homeowners can avoid foreclosure.

8 steps to buying a house in a tough housing market. Follow these 8 steps to buying a house in a tough market and it will be easier for you to buy a great house in a tough housing market. Buying a house is the biggest purchase of your life, do what you can to make it easier in this tough housing market.Buying a house in a tough market can be frustrating and complicated, make it easier by following these 8 steps to buying a house in a tough housing market.

Are You Getting Screwed By Your Lender? Ally Bank (formerly known as GMAC) and now J.P. Morgan Chase have put a freeze on foreclosures as the companies attempt to figure out the paperwork and who owns which loans. Fitch Ratings is threatening to downgrade lenders, as slowing down the foreclosure process could really extend the housing crisis and cause housing values to go down further.

Selling a home as tenants in common can be difficult. When selling a home as tenants in common if the other tenant does not want to sell you may be forced to take legal action. Legal action to take when selling a home as tenants in common includes selling the other tenant in common and selling your share of the home. Work with a real estate agent when selling a home as tenants in common. Make sure you have homeowners insurance when selling a home as tenants in common.

Use a quit claim deed to protect your parent's assets. A quit claim deed can help protect your parents assets when they can no longer handle their assets. To protect your parent's assets with a quit claim deed, one of your parents must be able to sign a quit claim deed. If your parent can't sign a quit claim deed, there are other ways to protect your parents' assets. When your parent signs a quit claim deed you can sell their home. Another way to protect your parents' assets is to establish guardianship and get power of attorney. Use a quit claim deed, establish guardianship or get power of attorney to protect your parent's assets.