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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Power Of Attorney And a Parent’s Home

By | May 13th, 2010|


When you deal with a parent's affairs, you should keep in mind that you might need to have two documents at hand to help them out. One document is a power of attorney for health care and the other document is a power of attorney over the parent's finances. If you have a power of attorney over the parents financial matters, make sure you understand what you should do and shouldn't do. You usually won't see problems with siblings and even parents if you use the parent's money directly for the parent's care and well being. But if you decide to sell your parent's home, you should make sure you have the right to do that and you should discuss the matter with your siblings and an estate planner.

Deciding Whether To Rent Or Buy A House

By | May 13th, 2010|


If you are thinking of buying a home, you might want to consider whether you are better off renting or buying a house. As the real estate market has changed, many would be home buyers have become home renters and many renters have decided to go and buy a home. But the decision whether to buy or rent a home can be an emotional decision but a would be home buyer or home renter should also make the financial decision whether he or she is better off buying or renting a home.

Making An Offer To Purchase Real Estate Does Not Require a Home Appraisal

By | May 13th, 2010|


A reader commented that buyers of real estate should obtain an independent appraisal of any real estate that wish to purchase. However, the cost of an appraisal may outweigh any benefit you may get out of the appraisal. There are other tools out there available to purchasers of real estate to determine whether home prices are declining or increasing. Good real estate brokers and agents have tools available at their disposal to determine where prices are in a certain neighborhood. If nothing has sold recently or if there is a rash of foreclosures, a good real estate agent that works a particular area may have a better feel for where prices are than an appraiser. The key is to find a good real estate agent that will look out for your interests.

Good Credit Score May be Needed To Buy A House Even If There Is Seller Financing

By | May 13th, 2010|


Even when you find a home and the seller is offering seller financing, you probably need a good credit score. People with low credit scores can scare sellers and make them refuse to give you seller financing. If you are a seller offering seller financing, make sure your purchase and sale agreement or your sales contract provides you an opportunity to review the prospective buyer's credit history, credit score and references before committing to giving the buyer seller financing.

Ilyce Glink Show – Record Stock Market Drop – May 9, 2010

By | May 9th, 2010|

Ilyce Glink Show Notes - May 9, 2010 - Mother's Day Amaze your friends and family members with facts about this year's mother's day. Thoughts about the stock market massive drop and recovery on Thursday and Friday. Freddie Mac needs $10.6 billion for the next quarter. The IRS and State Revenue Depts say tax revenue is down. Please leave your comments at the bottom. New EBOOKS on investing are up. Check out the Podcasts available at the THINKGLINK.com Store.

Ilyce Glink Show Notes – May 9, 2010 – Mother’s Day

By | May 9th, 2010|

Ilyce Glink Show Notes - May 9, 2010 - Mother's Day Amaze your friends and family members with facts about this year's mother's day. Thoughts about the stock market massive drop and recovery on Thursday and Friday. Freddie Mac needs $10.6 billion for the next quarter. The IRS and State Revenue Depts say tax revenue is down. Please leave your comments at the bottom. New EBOOKS on investing are up. Check out the Podcasts available at the THINKGLINK.com Store.

Cosigning A Student Loan Has Risks for Parent

By | May 7th, 2010|


If you are shopping for student loans and figure you might need to have your parents cosign the loan, you parents should understand the risks of signing for that loan. If you fail to make a payment on the student loan, you know that your credit history and credit score will suffer. But your parents' credit history and credit score will suffer as well.

Release Of Mortgage Lien Should Follow Payment in Full of Debt

By | May 7th, 2010|


If you have paid off your mortgage in full, the holder of the note should return to you the note as "paid in full," should return to you the original mortgage marked "canceled," and should send you a document to record in the local office that records or files documents against your property to note that the lien on your home has been paid in full and released.

Buying A Vacation Rental Property

By | May 7th, 2010|


For some people, this is the worst time to be in the real estate market to buy or sell a home. Others believe, this is a great time to buy properties. In this review of Christine Hrib Karpinski's book "How To Rent Vacation Properties By Owner," she discusses the best way to approach buying a vacation rental property. There is a strategy that you should follow to buy a vacation property that you would want to rent most or all of the time. Karpinski is the director ow owner community for HomeAway, Inc. So follow a formula and make sure you understand the market and the risks of buying a vacation rental property.

Paying Down Credit Card Debt To Buy A House

By | May 7th, 2010|


If you have substantial credit card debt, you might want to pay down some of that debt before applying for a mortgage to buy a house. The home buying experience can be trying enough, but if you have too much debt on your hands, you might not qualify for a mortgage. You may assume that you should do everything to pay down that credit card debt even if it means using retirement funds to do that. You might be wrong. Using your retirement funds should probably be your last resort when dealing with debt problems.

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