Monthly Archives: January 2008
Tax Help For Mortgage Forgiveness
Homeowners taking a loss when selling can now get tax help. The tax help is part of the Mortgage Debt Forgiveness Relief Act. Under the new rule, taxpayers can exclude up to $2 million of mortgage debt forgiven in 2007, 2008, or 2009 on their primary residence.
Sell Home To Move To Retirement Community
If you are ready for retirement, should consider selling your home before moving into a retirement community? And what about selling a home in this market – can it be done? You can still sell a home quickly if you focus on doing some home improvements to make it stand out out, including landscaping. And when buying a home for retirement, if you have equity, there are several options, including a home equity loan, interest-only or a low interest adjustable rate mortgage.
Include Appraiser In Real Estate Investment Team
Before you start investing in real estate, you should put together an expert team. Should you include an appraiser in your real estate investment team? Often a real estate appraiser’s conclusion is the same as reached by real estate agents who create comparative market analyses.
Ilyce Glink on WSB Radio – January 22, 2008
Ilyce substitutes for Clark Howard, discussing a variety of topics and taking calls from listeners.
Divorce, Fraud And Home Sale
When you get divorced you may have to sell your home. Depending on how the home was owned each spouse should receive a fair share of the home sale profits. If during the sale, your former spouse forges your signature on the home sale documents, it may be considered fraud. It’s critical that you meet with a divorce attorney to understand your rights and ensure that you get the money that’s due to you and the money from the home sale is handled correctly for taxes.
Ilyce Glink on WSB Radio – January 21, 2008
Ilyce Glink filled in for the vacationing Clark Howard today. Ilyce talked about how almost every major European and Asian stock market nosedived today, and what it means for the US stock market. She took calls about the economy, gold standard, insurance, and refinancing, as well as several calls about foreclosures. For detailed show notes, visit her website, and click on “radio talk show notes.” Don’t forget to subscribe to her new all-video site, www.expertrealestatetips.net.
Mortgage Lender Doesn’t Report On-Time Payments
A couple’s mortgage lender does not report their on-time payments to credit reporting bureaus. They wonder how the mortgage lender’s behavior will impact their credit. The mortgage lender is anti-consumer.
Ilyce Glink on WSB Radio – January 20, 2008
Today on the Ilyce Glink show, Ilyce discussed a new credit score that’s under development by a Massachusetts-based company, called the MedFICO score, which would figure out whether you’re a good bet for paying off your medical bills. Is this good for consumers? Tune in and find out what Ilyce thinks. Ilyce also talked about President Bush’s plan to pump money in to the economy by sending everyone a check for $800. She took a number of calls about home equity lines of credit and home equity loans, and helped one caller figure out whether he should buy a 2-year home that’s been foreclosed upon, when the subdivision is only 35 percent built out. All this and more on today’s Ilyce Glink Show. Show notes are up at www.thinkglink.com(look under Radio Talk Show Notes) and don’t forget to subscribe to Ilyce’s YouTube channel, www.youtube.com/expertrealestatetips.
Name On House Title But Not Mortgage
A divorced man still has his name on the title of a home with his ex-wife who now can’t afford the mortgage. While he’s not liable for the financial end, if the bank forecloses on the home and sells it at a discount, his equity could disappear. If the man can afford the mortgage, he might want to step in to save his interest in the home.
Do It Yourself Credit Repair
The best person to repair your credit is you. Credit repair scam artists will charge you anywhere from $500 to $1,500 or more upfront, but these companies can’t do anything for you that you can’t do for yourself – for free – and they might ultimately do more harm than good. Ilyce shares 10 tips for you to repair your credit. Credit can be repaired when you don’t co-sign for loans, make on-time payments and don’t over-extend yourself.
