Monthly Archives: June 2007
Settling Estate With Large Mortgage
When a person dies, all of the assets in an estate would typically be sold, and that cash would be used to pay off the person’s creditors. Any financial assets in the estate would also be liquidated to pay off any remaining debt. If there is anything left in the estate after the debts have been repaid, it would be distributed according to the terms of the will.
How To Buy A Home When You Have A Poor Credit Rating
A prospective home buyer wants to purchase a home but has a poor credit score. The good news is that time will heal all credit history wounds. You can start cleaning up your credit by getting a copy of your credit history and score from each credit reporting bureau.
New Orleans: Nearly 2 Years Later, Part I
Two years after Katrina hit, New Orleans resident Oscar Escobar is recovering from the storm. He lost everything in his home to water damage, but he says he started rebuilding almost immediately. He didn’t wait for help from FEMA, but began doing the work on his own. Four months after the levees broke, he moved back into his house. While he was relatively fortunate and he has been helping neighbors rebuild their homes, he says other people have been satisfied to live in the FEMA trailers.
More Questions from NPR Listeners
Hello Ms. Glink, I heard your show on Talk of the Nation and thought you had a lot of interesting things to say. My husband and I are looking at buyin…
Connecting Borrowers With Private Lenders
Investment property owners who have tapped out traditional banks and mortgage lenders may be able to turn to alternate lenders. Prosper.com is a site that connects borrowers with private lenders. You post a “loan listing” which includes some of your personal financial information (you decide how much personal information to reveal) and what you’re trying to do online and various lenders will bid for the right to do business with you. You can borrow up to $25,000.
Good Faith Estimate For New Construction
When you’re buying new construction you’ll have to make a down payment, or a good faith estimate to show that you’re interested in the property. Developers set their own standards for down payments or good faith estimates. To get the best deal on new construction it’s good to hire a buyer’s agent so you don’t go into negotiations unprepared.
NPR Listeners Respond To Today’s Show – Take 2
Here’s another question from the show today: What do you know about the Coral Springs, Florida real estate market for sellers?
I was in Coral Spring…
NPR Listeners Respond To Today’s Show
Hi Ilyce, I enjoyed your appearance on Talk of the Nation on NPR earlier today. Places like Florida, Calif and Mich are getting a lot of attention and…
Ilyce On NPR Today June 25, 2007
I just got off the air with Talk of the Nation on NPR. We were talking about whether now is a good time to buy.
Dean Baker, an economist based in Was…
Conominimum Contract: Lose Money In Escrow If Contract Is Broken?
Will you lose money in an escrow account, if you try to get out of a contract to purchase a preconstruction condominium? What will happen to the money held in escrow for the contract on the preconstruction condo. Ilyce and Sam explain what the possibilities are for getting the money in escrow back from the preconstruction condo contract.
