Monthly Archives: January 2008
IRS Warns Of New Scams
Watch out for scammers calling you for bank account information, warns the U.S. Internal Revenue Service. The IRS announced yesterday that identity th…
Neighborhood Construction Put On Hold
In a slow housing market or real estate recession, you need to be careful with new construction. If you are already seeing warning signs like the developer has put construction on hold, or only a fraction of the development has been completed, you might want to rethink your purchase. If the builder is having problems, there are no guarantees that the plans for the neighborhood will ever come true.
Quick Quiz For Credit Counseling
The National Foundation for Credit Counseling recently issued a True/False quiz to see if you’re a good candidate for credit counseling. Here’s the qu…
Landlord’s Tenant Moves Out Early, Refuses To Pay
A landlord asks what to do when his renter plans to skip out early. The landlord asks about putting a lien on the renter’s new home. The landlord might be better off suing his renter in small claims court.
1031 Exchange and Real Estate Taxes
Siblings inherit apartment buildings and ask about a 1031 exchange. They want to do a 1031 exchange to keep the same property tax bill. To do a 1031 exchange, you have to replace property with the same value or more.
Lying To Mortgage Lender About Sales Price To Avoid Short Sale
A homeowner wants to avert a short sale and asks his friends to buy his home. He asks them to lie to the mortgage lender about the price. Lying to the mortgage lender will put his friends in a bad position.
Personal Finance and Marriage: When To Consult a Financial Advisor
Marriage means compromise when it comes to personal finances. Two people often enter a marriage with differing views on personal finances. Sometimes the differences are so great that the married couple needs to consult a financial advisor in order to create a united view on their joint personal finances.
Ilyce Glink on WSB Radio – January 27, 2008
This week on the Ilyce Glink show, Ilyce discussed the fallout from the collapse of European and Asian stock markets, and our own US stock market’s gyrations. The good news is that this is a buying opportunity. You just have to have the cash on hand. She took many calls about the economy, the stock markets, and investing, and then talked with Julia about getting a reverse mortgage. For show notes, check out the details on her website, www.thinkglink.com/forum. And, don’t forget to subscribe to her new YouTube channel, www.expertrealestatetips.net.
Divorce Attorney Can Help With Home Sale
When a divorce involves citizens from two different countries, the U.S. courts may favor the American. Nevertheless, the other spouse should still hire a divorce attorney to ensure that his or her interests are addressed in divorce court. Even if the American spouse threatens to take ownership of their joint property, the other spouse is not without options. He or she can hire a divorce attorney to ensure that the divorce settlement is fair.
Decreasing Tax When Selling Investment Property
An investment property owner wants to know if there’s a way to sell and pay less tax. He asks about gifting the investment property. A 1031 exchange might be an option for the investment property.
