Ilyce

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.

Ilyce Glink Show - June 20, 2010 - Today on the Ilyce Glink Show Ilyce talked with people from CredAbility.org about their recent name change from Consumer Credit Counseling Services, and they discussed the recent changes in HAMP, the Making Home Affordable Plan. After discussing HAMP, Ilyce invited Shannon Judd from PEMCO to discuss purchasing a HUD home and HUD financing. For more of the best real estate, personal finance and consumer advice, listen to more of the Ilyce Glink Show on WSB Radio

Restructuring a mortgage on a second home or an investment property is something that not a lot of lenders want to do. Restructuring a mortgage on a second home or investment property is not covered under the Making Home Affordable (HAMP) programs. The Making Home Affordable (HAMP) programs are for primary residences only. Consider turning your second home into your primary residence or renting out your first home. Restructuring a mortgage on a second home or investment home is going to be very difficult and you should explore different options.

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 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.

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.

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.