Today on the Ilyce Glink Show, Ilyce interviewed enrolled agentAn Agent is an individual who acts on behalf of a consumer. A real estate agent represents a buyer or a seller in the purchase or sale of a home. Licensed by the state, a real estate agent must work for a broker or a brokerage firm. An insurance agent helps a consumer purchase an insurance policy. Insurance agents are also licensed by the state. Bill Cartwright about the MortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the ability to foreclose on the home. Forgiveness Debt Relief Act, foreclosures and home equityYour share of ownership in a company. Stockholders are often referred to as equity investors, because they invest in the equity of a company. lines of credit. John Ventura, author of “Kiplinger’s Estate Planning,” discussed choosing guardians for children, trusts and probate. Ventura, who’s also a bankruptcy lawyer, also talked about the increases in bankruptcies and foreclosures and how to avoid foreclosureForeclosure is the legal action taken to extinguish a home owner's right and interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it is the percentage of the total loan charged annually for the use of the funds. in a property, so that the property can be sold in a foreclosure sale to satisfy a debt.. Hour two of the show was a rebroadcast of listener callsCalls occur when a company orders preferred stock or bond holders to turn in their stock or bonds for money. from June 8. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.