Ilyce

Ilyce Glink Show Notes - June 27, 2010 - Kellogg Cereal Recalls Select Boxes Of AppleJacks, Corn Pops, Honey Smacks, and Froot Loops; Mortgage Rates Fall to Record Low Levels, Level Not Seen Since 1956; Existing Home Sales and New Home Sales Plummet. The Equifax Personal Finance Blog has great content this week. Hire Ilyce to speak at your next event. Free books available at the ThinkGlink.com bookstore. See below for details and for information on our Buy 3 Get 1 FREE EBOOK deal.

Flood Insurance may be required by your lender. Check the fine print of your mortgage to find out how much flood insurance you are required to buy. Some flood areas have been redesignated and you may be required to buy more flood insurance now. Consult a real estate attorney to help you understand the fine print in your mortgage contract and to determine how much required flood insurance you have to buy.

Title problems occur when a reader co-signs a mortgage with his daughter. When you co-sign a mortgage, future creditors will look at your signature as a guarantee that you will pay the entire loan back, should the other party to the contract not pay his or her payments. Now, the reader can't buy a retirement property and doesn't know what to do. It is important to foresee real estate problems like these and plan ahead for your future financial decision. Co-signing a loan is a very big decision, and you should think about your future plans like buying a retirement property.

Paying off your mortgage now could save you big bucks by avoiding interest payments. Alternately, it is always good to keep a nest egg for financial needs. Which is the choice that will ensure financial welfare? The answer: it depends. Read on to find out more. Think about your financial goals and what may happen in the next few years when you're deciding whether to pay off your mortgage or conserve your nest egg.

Refinance or HELOC? Should you refinance in order to pay off a mortgage, or should you use a Home Equity Line of Credit? If your goal is to pay off your mortgage and get rid of debt, refinancing is a bad idea. Refinancing can cost homeowners two to five thousand dollars. Using a home equity line of credit or HELOC to pay off your first mortgage can be a smart move if your HELOC interest rate is very low. Get rid of debt and take advantage of low HELOC interest rates by paying off your first mortgage and then use your savings to finish paying of the HELOC.

The new housing and real estate market predictions have dropped significantly as the housing sales numbers were released. Interest, home sales, and construction have all plummeted setting the United States back in terms of recovery. New estimates now put the return of true housing demand all the way at 2011.

The FBI has released a report describing the mortgage fraud crimes of the 2009 fiscal year. The report has notes an increase in mortgage fraud activity and names the regions and states with the most activity. In addition, the report lists the types of crimes included under mortgage fraud and its associated tactics, describing most of them as for-profit endeavors by individuals exploiting the weak real estate market. Also, the report names the types of individuals acting as perpetrators in mortgage fraud as well as the direct and indirect victims of the crimes. Financially, the report describes the FBI’s reactions to the mortgage fraud activity and its outlook on the future of the situation.

FBI Releases 2009 Mortgage Fraud Report

The FBI has released a report describing the mortgage fraud crimes of the 2009 fiscal year. The report has notes an increase in mortgage fraud activity and names the regions and states with the most activity. In addition, the report lists the types of crimes included under mortgage fraud and its associated tactics, describing most of them as for-profit endeavors by individuals exploiting the weak real estate market. Also, the report names the types of individuals acting as perpetrators in mortgage fraud as well as the direct and indirect victims of the crimes. Financially, the report describes the FBI’s reactions to the mortgage fraud activity and its outlook on the future of the situation.

Ilyce Glink talks with Barry Moltz of Business Insanity Talk Radio about business books that make great summer reads. She highlights how her new book "Buy, Close, Move In!: How to Navigate the New World of Real Estate–Safely and Profitably–and End Up with the Home of Your Dreams" gives great advice for small business owners. Small businesses can look into buying commercial real estate at a low price in today's economy. Ilyce Glink also suggests using products mentioned on the [Equifax Personal Finance Blog] (http://www.equifax.com/blog) to protect credit scores and identity.

Ilyce Glink talks on American Public Media's "Marketplace Money" about how much a college degree is worth, marketing yourself online and landing a job. Ilyce Glink talks about the current state of the job market, noting that there are 10-15 million people looking for jobs and many individuals opting for jobs that they are overqualified for or do not meet their salary desires. Glink answers the questions of passers-by about searching for jobs and marketing themselves to employers in both online and in-person ways.