$8,000 First-Time Home Buyer Tax Credit Being Used Illegally? You Betcha!
$8,000 First-Time Home Buyer Tax Credit Being Used Illegally? You Betcha!
Ilyce Glink Show Notes – October 11, 2009
Ilyce Glink Show Notes - October 11, 2009 How to Profit from Foreclosures and Free EBOOKS, GDP, Budgeting, Saving Money, Unemployment Numbers. Great real estate advice and personal finance advice from the show!
Ilyce Glink Show on WSB Radio – October 18, 2009
Today on the Ilyce Glink Show, we discussed the failure of almost 100 banks so far this year. As the FDIC shuts down more banks, the stock market is starting to perk up, having crossed the 10,000 mark. How does this economic news affect you. We also took questions from callers and Ilyce gave a preview of the top tips from the upcoming "How to Profit From Foreclosures" event in Atlanta. For more show notes and links, visit Ilyce's blog
Ilyce Glink Show Notes – October 18, 2009
Ilyce Glink Show notes - October 18, 2009 FDIC shuts down the 99th bank this year; FREE BOOKS and EBOOK DEAL; How to Profit from Foreclosures; Herman Cain show.
Mortgage Refinancing: If You Can’t Refinance, Should You File for Bankruptcy Or Let The Home Go Into Foreclosure
Before a divorce, spouses frequently spend hours negotiating the details of each item they own, but they frequently neglect the single biggest asset they own together: their home. The best course of action at the time of a divorce is to require the spouse that is going to retain the home to refinance the home prior to the divorce becoming final. If you allow your ex-spouse to retain the home and the mortgage is still in your name, you are still on the hook for the mortgage payments and your credit is subject to take a hit if the mortgage isn't paid on time or your ex-spouse files for bankruptcy or lets the home go into foreclosure.
Second Home Loan Modification Is Denied By Lender
More and more people are finding that they have fallen into a trap. They bought a second home or moved to get a job and left their primary home, now when they call their lender to request a loan modification, the lender refuses to give them a loan modification because the home is no longer a primary residence. With that logic, the home will be lost to foreclosure and the lender may end up taking a bath on the loan. Wouldn't it be better for lenders to agree to a loan modification with a borrower looking to keep current with their payments than deny the loan modification on the second home and let the home go into foreclosure?
Foreclosure Relief and a Reduction in Unemployment Go Hand In Hand
Foreclosure relief is needed to stem the rise but the unemployment rate needs to go down to allow people to earn money to pay their mortgages. Recent statistics may be getting less worse but the economy is still shedding jobs and there are increasing numbers of foreclosures. Eventually the numbers will turn around, but the question is when will we get foreclosure relief and a reduction in the unemployment rate?
LLC vs Corporation: Can You Do Without Either
When it comes to choosing how to hold your real estate investments, you can choose from many options. The most popular options are using an LLC to own real estate or a corporation. Some decide that they would prefer to hold title to their real estate investments in their own name. Is it wise to own investment real estate properties in your own name?
Why Buy Title Insurance On a House When You Pay Cash For the Home
If you are making the largest investment of your life, wouldn't you want to make sure you are protected by obtaining and buying title insurance? When you buy title insurance on a house, a title company gives you certain guarantees that you are the rightful owner of the home and certain other title protections. Title insurance does not protect you against future title problems that might develop nor does it protect you from fire or other casualties. But if you are paying cash to a seller are you certain the seller will give you good title to the home?
Foreclosure Numbers Are Dreadful In Q3 2009
Foreclosure numbers are dreadful in Q3 2009. Hard to imagine that the foreclosure numbers could get any worse, but the Q3 2009 numbers stunk to high heaven. Two-thirds of the foreclosures in the U.S. are concentrated in the top 10 states, but that won't make homeowners feel any better. Foreclosures are job-driven, and while the unemployment number keeps rising, foreclosure numbers will continue to rise, according to RealtyTrac.