Do You Have Your Tickets For “How To Profit From Foreclosure”
It's finally October, and the "How to Profit from Foreclosure" event is just around the corner. This exciting event on October 24 in Atlanta will brin...
Faulty Smoke Detectors – How to Get The Smoke Detector To Stop Beeping
Faulty Smoke Detectors - How to Get The Smoke Detector to Stop Beeping: Why does it always happen at 1:45 a.m. on a night where you went to bed early and were trying to get a solid night's sleep. Smoke detectors need batteries every year, but they the unit itself goes bad every 3 to 5 years. Ours is 5 years, 10 months old.
Ilyce Glink Show Notes – October 4, 2009
Ilyce Glink Show Notes - October 4, 2009; Atlanta Flood update; September job cuts and unemployment rate rises; Moving to Montana; Section 8 real estate investing; how to find an estate attorney; HUD-certified housing counselors and Net Present Value (NPV) calculations and why people can't get loan modifications; FREE BOOKS and EBOOK DISCOUNT DEAL; Taylor Bean Whitaker
Ilyce Glink Show on WSB Radio – October 04, 2009
Today on the Ilyce Glink Show, Ilyce went over the latest economic news, including an Atlanta Flood update, September job cuts and unemployment rate rises. Ilyce took questions from callers, and she weighed the pros and cons of Section 8 housing with an investment property owner who is thinking about converting his rental into low-income housing. Ilyce also advises a caller who is taking care of her mother's long-term care to update their wills with an estate attorney. Listen to the podcast here, and check Ilyce's blog for more show notes and links.
Death and Loans
A reader wants to know if he should pay back a debt to a person that gave him money as a personal loan but the loan was never documented. With the death of this person, is there a valid loan?
ARM Refinance May Be Required To Lock In Low Monthly Payment
If you have an adjustable rate mortgage (ARM), the loan interest rate will adjust at the end of the fixed interest rate period for the loan. When the ARM does adjust, the amortization of the loan will continue in order to have you pay off the loan in full at the end of the loan term. If your ARM was a loan for 30 years, the amortization schedule must work to get you to pay off the loan in full at the end of the 30th year.
Credit Reporting Agencies And Your Debts
Credit reporting agencies or bureaus collect information from thousands of sources.
Do the major credit reporting agencies obtain information from sources outside of the United States?
Do Equifax, Experian and TransUnion get that information from overseas?
Home Buying Risks, Pitfalls and Tips For New Construction Homes Part 2
Home buying has risks associated with it, particularly the purchase of a new construction home in a new development. There are pitfall all along the way. What should you do to protect yourself? How do you handle the uncertainty of buying a new construction home in a new development? One reader suggests that the buyer should share any risks in that new construction purchase with the lender that give the buyer the loan. Would you agree? What about municipal inspections and certificates of occupancy? The builder's or developer's reputation? What about using a real estate attorney? Leave your comment below.
$8,000 First Time Home Buyer Tax Credit Has Time Requirement
Most people know that the $8,000 first time home buyer tax credit will expire at the end of the day on November 30, 2009. Most people know that the $8,000 first time home buyer tax credit is only for home buyers that have not owned a home during the p3 years prior to the date of the home purchase and have an income below $75,000, if single, or $150,000, if married. They also might know that the first time home buyer credit can't be taken if your income is above those amounts (it phases out), or if you buy a home from a close relative. Now we get a question from a reader that wants to know if he gets the credit, will he get caught if he does not plan to live in the home as his primary residence for the required 3 years following the purchase.
Quit Claim Deeds and Divorce: Better To Refinance Mortgage After Divorce
Signing a quit claim deed upon a divorce can be a mistake. You are much better off refinancing the mortgage after the divorce than letting your ex-spouse control the home by giving him or her title to the home using a quit claim deed. There are other options at the time of the divorce other than a quit claim deed. Years later you may find out that you will be hurt because you gave a quit claim deed when you divorced and now your ex-spouse has incurred additional debts and has harmed your credit history and your credit score.