A son works the family farm. Now his father is in mortgage trouble on another property. The son wants to know about transferring the home to himself now to avoid the loss of the family farm. He has worked the family farm for some time and his father's will intends on transferring the home to him upon his death.
Sushi and six degrees of separation. Last night, I had dinner at a good all-you-can-eat sushi restaurant in Palatine, IL called Sushi Para. It turns out my dinner companions and I had a lot in common.
September 20, 2009 -- Today on the Ilyce Glink Show, Ilyce discussed the latest economic news, including unemployment numbers going up and down. We had a caller to the show who wanted to know when is the smartest time to make a mortgage prepayment, and Ilyce answered more personal finance and real estate questions. Join Ilyce in Atlanta in October for the How to Profit From Foreclosure full-day event. See Ilyce's blog for a special event discount and for show notes and helpful links.
The $8,000 first-time home buyer tax credit will expire on November 30, 2009, unless Congress votes to extend the deadline. But with positive housing news coming out and with health care sucking the oxygen out of the room, is there the political will to extend and expand the $8,000 first time home buyer tax credit? Sen. Johnny Isakson (R-GA) thinks so, but instead of pushing his $15,000 home buyer tax credit for everyone, he is going to propose a $10,000 tax credit for everyone, including millionaires. He believes he can attach it to upcoming legislation as an amendment and get it passed. I spoke with Sen. Isakson this morning about his efforts to get the tax credit legislation passed.
Today on the Ilyce Glink Show, Ilyce discussed the Taylor Bean and Whitaker mortgage servicing confusion with several callers. See our Taylor Bean and Whitaker homepage for the full updates. Ilyce directs callers to the resources they need to get help with their Taylor Bean and Whitaker problems. Is a FICO score really necessary? Dave Ramsey says no, but Ilyce explains why she thinks a FICO score still matters. Ilyce helps a caller weigh the pros and cons of tapping into his retirement savings to buy a vacation condo. Listen to the podcast here and check out the blog for more show notes.
Today on the Ilyce Glink Show we talked about the Georgia Flood and insurance Claims Secrets. Russell Longcore was a live guest on the show. We had a full hour of information about flood insurance, including Russell's 7 Myths of Flood Insurance. Listen to the podcast here and visit Ilyce's blog for more show notes and the Seven Myths of Flood Insurance.
Ilyce Glink Show Notes - Georgia Flood and Insurance Claims Secrets. Russell Longcore was a live guest on the show. We had a full hour of information about flood insurance, including Russell's 7 Myths of Flood Insurance. Highlights of the 7 Myths of Flood Insurance are below.
Taylor Bean and Whitaker Update -- September 25, 2009: With all the confusion happening with Taylor Bean and Whitaker, there are more situations arising where people can't find the information they need. More answers should come after the October 31 deadline set by bankruptcy court, but for now, ThinkGlink wanted to know, "Where are the Mortgage Records and Closing Documents Kept?" Please continue to leave comments and join in the Taylor Bean and Whitaker discussion. We will do our best to help find the answers to your questions.
New Media Atlanta conference featuring Chris Brogan. Social Media and Social Marketing Conference notes and tips. I'll be blogging live with some of the best social media and social marketing tips I'm learning. Photo credit: Jennifer Carter
Most people prefer an LLC for real estate investing. But some accountants still recommend that their clients use an S Corporation to invest in real estate. LLC, or limited liability companies, have become the method of choice for real estate investors. Most states have laws that permit the use of limited liability companies or some other company structure that is similar to an LLC.
