Ilyce Glink, ThinkGlink.com and Best Money Moves
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Ilyce

About Ilyce Glink

Ilyce Glink is an award-winning, nationally-syndicated columnist, best-selling author, and radio and television personality. She is the best-known consumer advocate for home buyers, sellers, and owners, and her content touches millions of readers, viewers, and listeners each week. She is the Founder/CEO of Best Money Moves, an employee benefit that companies provide that helps employees measure financial stress, then dials it down with a unique content mapping system. She is also the Founder/CEO of Think Glink Media, a digital content agency, and the Publisher of ThinkGlink.com. Listen to Ilyce on WGN Radio each week, follow her on Twitter, and sign up for the ThinkGlink free weekly newsletter, in the blue box at the bottom of this page.
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Divorce Short Sale Is Complicated By A Lien

By | June 18th, 2010|


Completing a short sale on your home after a divorce may be complicated in there is a lien on the home. You may be forced to try to do a short sale if your finances have been hit by the divorce or unemployment or medical expenses. If you're trying to do a short sale because of a divorce, dividing ownership between spouses can be difficult. A lien can be placed on the house for either spouse's credit problems. A divorce short sale is made even more complicated by a lien on the house.

Loan Reduction Programs are Problematic for Many

By | June 18th, 2010|


Loan reduction programs are causing problems not only for the people struggling to get a loan modification, but also for people who aren't having any problems with their mortgage. For people who can pay their mortgage, the loan reduction program can seem unfair. If you are paying off your mortgage and don't need a loan modification, people who are getting a break with a loan reduction program seem to have it easy. But it's very hard to get a loan modification through the loan reduction programs, and they can help you too. If someone one your block gets a loan modification, that's going to make sure that your property value doesn't drop after they go into foreclosure.

Repair Escrow Leads to Money Dispute

By | June 18th, 2010|

Money left in escrow for repairs can cause a problem at closing time. If the money is left in an escrow account at closing, that money is supposed to be used for the repairs agreed upon at closing. However, if the buyers don't claim the money right away, there could be some problems with the repair escrow money. Are you legally responsible to give the buyers the repair escrow money? Are you morally responsible to turn over the repair escrow money? Consult a real estate attorney for help with repair escrow money problems.

Home Buyer Tax Credit Extension Due To Overwhelmed Lenders

By | June 18th, 2010|

The home buyer tax credit has been extended due to overwhelmed lenders. The closing date has been extended to September 30. Home buyers have signed contracts in order to qualify for the home buyer tax credit, but the lenders are overwhelmed and can't close on time. To make sure that qualified home buyers receive the home buyer tax credit, lawmakers have extended the deadline to qualify for the home buyer tax credit until September 30. The home buyer tax credit extension should help both home buyers and overwhelmed lenders.

How Long Do You Have To Wait To Buy A House After Bankruptcy

By | June 14th, 2010|


How long do you have to wait to buy a house after bankruptcy? After you file for bankruptcy, there's a waiting period before you can buy a house. Even if you're paying your bills and your credit is improving, you have to wait at least 5 years before you can qualify for a mortgage. After bankruptcy, you have to wait to buy a house because the lender still sees you ask a risk after your bankruptcy.

Quit Claim Deed Gift To Family May Be A Huge Mistake

By | June 14th, 2010|


Using a quit claim deed to gift your house to a family member may be a huge mistake. A quit claim deed gift may mean a large amount of taxes. Instead of using a quit claim deed to gift your house to a family member, it's much better to leave the house in your will or set up a trust. A quit claim deed can also be a quick way to lose your home if the person whom you signed the quit claim gift to decided to sell the house or loses it to foreclosure. Explore other ways of giving your house to a family member, rather than using a quit claim gift.

Is The Recession Over?

By | June 14th, 2010|

Is the Recession Over? is the question you hear from neighbors, coworkers, and all over the media. Government officials are claiming they see signs that the recession is over. But how will we know if the recession is over? What signs will we see that the recession is over? Jobs, unemployment, real estate, and foreclosures are good signs to look at for when the recession will be over.

Qualify For $8000 First Time Home Buyer Tax Credit With Binding Contract

By | June 14th, 2010|


Buyers can qualify for the $8000 first time home buyer tax credit if they have a binding contract by April 30 and close on the property by June 30. Don't miss out on the $8000 first time home buyer tax credit. If you have a binding contract, you are still eligible to qualify for the $8000 first time home buyer tax credit as long as you close by June 30. Make sure you have all the necessary approval and paperwork from the agents, sellers and lenders, and you should be able to qualify for the $8000 first time home buyer tax credit.

Paying Tax Bill Late: Homeowner Responsible For Paying Tax Bill

By | June 14th, 2010|


Paying your tax bill on time is the responsibility of the homeowner. If you don't receive your tax bill, it is still your responsibility to find out how much you owe and pay your tax bill on time. Paying your Tax Bill Late will only result in having to pay penalties for paying your tax bill late. Make sure you pay your tax bill on time by marking it in your calendar so you never have to pay your tax bill late again.

New HAMP Rules For Trial Loan Mods and Permanent Loan Mods

By | June 13th, 2010|

New HAMP Rules For Trial Loan Mods and Permanent Loan Mods. New HAMP rules for loan modifications went into effect on June 1. There are other loan modification programs, including one for unemployed borrowers, that go into effect later this summer. Later in the year, Fannie Mae and Freddie Mac are expected to implement additional new HAMP programs that will engage the concept of principal reduction.

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