Monthly Archives: August 2008
Information From Today’s Ilyce Glink Show – August 31, 2008
Today on the Ilyce Glink Show, we talked about Integrity Bank, the Alpharetta, Ga.-based bank that failed on Friday. It was the 10th bank to fail this…
Today on the Ilyce Glink Show August 31, 2008
Think it’s expensive to live in the U.S.? Try living abroad. I’m just back from a 12-day trip to Italy and the UK and I can tell you that it is fright…
Ilyce Glink on WSB Radio – August 31, 2008
Today on the Ilyce Glink Show, Ilyce talked about Integrity Bank, the Alpharetta, Ga.-based bank that failed on Friday. It was the 10th bank to fail this year. Regions Financial Corp has assumed the assets of Integrity Bank and all of its 5 branches will reopen on Tuesday as Regions Bank branches, according to the FDIC. Ilyce answered questions about CDs held by Integrity and also how to find out ratings information on banks. She also talked about the skyrocketing numbers of mortgage loan fraud that took place in the second quarter of the year, and answered questions on credit card debt charged up by an ex-spouse, whether it’s a good idea to finance the purchase of a new car using a check from a credit card company, how to calculate the profit from the sale of a personal residence, whether “subject to” contracts are a good idea, whether a VA loan is better than a conventional mortgage and how to talk to a 93-year-old dad about his assets. 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.
Maximizing Space In Your Kitchen Design
The kitchen is one of the most important rooms of a home, and kitchen design helps make your kitchen appealing and affective. Kitchen design revolves around functionality. Learn about kitchen design from architect Sarah Susanka.
Consumer Bankruptcy Filings Rise By Nearly 30 Percent
During the first half of 2008, ending June 30, the number of consumer bankruptcies filed rose by 28.8 percent compared with the first half of 2007, re…
12 States Accept Transfer On Death Deeds For Real Estate
We’ve recently been working on several stories about transfer on death deeds for real estate. A TOD deed allows you to transfer the title of a propert…
Zoning And Land Acreage Restrictions
A property owner wants to take advantage of an employer’s relocation program, but their 5.1 acre property exceeds the restriction of 5 acre lots. If the property owners can’t get the employer to waive the restriction, they will need to contact a real estate attorney to determine what they will have to do to divide the lot. They will most likely have to get a survey of the land and make sure they are not breaking any community ordinances about lot restrictions.
Seller Financing Deadline Not Met
What is the consequence of not meeting a deadline to repay seller financing for a home? In a well-executed seller financing scenario, the buyer and seller sign a promissory note that details the terms of the seller financing. Can the owner who financed the home take it back if the deadline is not met?
Real Estate Agent’s Commission Can Be Reduced By Advertising Costs
A real estate agent writes that real estate commissions are reduced by real estate advertising costs. The real estate agent describes other costs that lower real estate commissions more. In addition to real estate advertising costs, real estate agents may have to split commissions with other agents and pay for gas and extra help.
Quit Claim Deed Transfers Cost Basis
Whenever a home owner transfers all or part of the ownership of a property using a quit claim deed, the person who they’re transferring ownership to receives the property interest at the same cost basis that the home owner bought it for. While the percentage of ownership may vary, the cost basis used remains the same regardless of when the transfer takes place. As a result, when you sell a home that you receive through a quit claim deed you’ll owe capital gains taxes calculated using the previous owner’s cost basis.
