Getting a new mortgage after a short sale or foreclosure is now possible for many Americans who lost their homes during the housing crisis. Even if you've gone through a foreclosure or a short sale, you can still buy a home. Here’s some good news: Hundreds of thousands of Americans who lost their homes in the housing [...]
After years of drowning with underwater mortgages, American homeowners are starting to swim toward the shallow end as the housing market recovers. Rising home values and increased home equity are spelling relief for many people. Here are four signs that the housing market is recovering: 1. Unemployment is falling. In order to have a strong [...]
Ilyce Glink explains how to avoid paying taxes on forgiven mortgage debt if you've done a foreclosure or short sale in Real Estate Minutes. If you go into foreclosure or complete a short sale, you could wind up owing tens of thousands of dollars to the IRS on your forgiven debt. But there’s a way [...]
Ilyce Glink Show on WSB Radio: Giving real estate and personal finance advice. From refinancing your mortgage to finding the right real estate agent to your investment choices and your every day decisions on money, you can rely on Ilyce to give you the best advice on real estate and personal finance. Whether you’re thinking [...]
Quit claim deed tax implications can come in many forms. Selling a house with multiple owners can be tricky when paying taxes. Q: I own a house with my brother that we bought for $243,000. We now plan to sell it for about $323,000. My brother lived in it until last year and then rented [...]
Thinking about selling your home to a family member? Get a home value estimate first to double check your home's real market value. Q: Our parents left their home to me and my two sisters. The home is located in Oklahoma and was appraised at $49,000 three years ago. The home has a mortgage with [...]
The real estate boom and bust dropped home values severely. Taking a loss on a condo might be your only option other than to wait. Q: Back in 2005, I purchased a condo with cash for my disabled son to live in. I used an inheritance to buy the condominium, which was located near my [...]
During the housing boom, many homeowners found themselves living beyond their means as easy money skewed expectations of what they could afford. Today, being honest with the realities of the real estate market and mortgage landscape can feel like taking a step backward. So how can homeowners and renters stay within their means and aspire [...]
Refinancing your mortgage? Before you refinance your mortgage, here's what to know and ask during the loan application process. Q: I enjoyed your recent column that appeared in our local paper. I've just gone through a refinancing and found myself wondering about certain questions I should have asked. The main question was whether my loan [...]
Quit claim deed and mortgage responsibility don't go hand in hand. Getting your name off the mortgage is possible when refinancing. Q: I did an act of donation on my house to my ex-husband. He is going to give me a fixed payment once he refinances the home. Is there a way to get my [...]
