Monthly Archives: October 2009
Ilyce Glink on the Herman Cain Show – October 21, 2009
Today Ilyce Glink guest hosted the Herman Cain Show on WSB Radio. She discussed the latest economic news and took questions from caller. Craig called to say he’s a small business owner who has lost 35 percent of his business and laid off 7 of 15 workers. He’s disgusted by the laws being enacted, and all of the new taxes. Henry called to say he has a problem with the whole idea that we’re just walking all over the contract process. Ilyce said that in bankruptcy court, a judge could gut the contract and it’s hard to argue these companies (like AIG) aren’t bankrupt – still. Listen to the podcast here for more caller responses and check out Ilyce’s blog.
Hermain Cain Show Notes – October 21, 2009
Herman Cain Show Notes – October 21, 2009 Ilyce fills in for Herman Cain tonight. She offered listeners a 25% discount off of tickets to the HOW TO PROFIT FROM FORECLOSURES EVENT.
Loan Modification Help: Why Lenders Are Slow To Provide Loan Modifications
Millions of Americans have applied with their banks to obtain a loan modification. They desperately need loan modification help. The loan modification process is taking an extremely long time. Now homeowners want to know how they can get a loan modification — whether under the Obama Making Home Affordable Plan or not — and why the lenders are slow to provide loan modifications. A new study is revealing some answers.
$8,000 First Time Home Buyer Tax Credit: Trying to Buy and Inherit a Home At The Same Time
The first time home buyer has all kinds of restrictions: income, how long you must live in the home, how long you couldn’t have owned a home and who can sell you the home. There are even restrictions on whether you can qualify for the $8,000 first time home buyer tax credit if you plan to rent the home or receive the home by inheriting it.
$8,000 First Time Home Buyer Tax Credit And Living Abroad
The first time home buyer has restrictions on income. The first time home buyer tax credit requires you to live in the home for 3 years. Also, you can’t have owned a home for the last 36 months. In addition, the first time home buyer tax credit has restrictions on who can sell you the home. There are even restrictions on whether you can qualify for the $8,000 first time home buyer tax credit if you live abroad and want to buy a home and rent it. But really. If you plan on renting the home, you won’t be a first time home buyer making use of the home as your primary residence.
$8,000 First Time Home Buyer Tax Credit: Buying A Partially Inherited Home
The first time home buyer has restrictions on income. The first time home buyer tax credit requires you to live in the home for 3 years. Also, you can’t have owned a home for the last 36 months. In addition, the first time home buyer tax credit has restrictions on who can sell you the home. If you are buying a home from a close relative, you won’t qualify for the tax credit. But what if you inherit the home?
Contractor’s Liens and Foreclosures
Worried about contractor’s liens? When you buy a foreclosure, check to see if there are any contractor’s liens against the property that have survived the foreclosure. Often, the lender will wipe out all other subordinate liens, including contractor’s liens, in the foreclosure process. But in some cases, those liens may still exist and be valid. If you suspect there might be other liens that will be filed against the property even after you close, be sure to purchase a title insurance policy with coverage over contractor’s liens. You will want to have this insurance in place to have a title company cover the costs of litigation and the costs to remove the contractor’s liens with the purchase of the title insurance even if you bought the property after a foreclosure.
Ilyce Glink Show Notes – October 11, 2009
Ilyce Glink Show Notes – October 11, 2009 How to Profit from Foreclosures and Free EBOOKS, GDP, Budgeting, Saving Money, Unemployment Numbers. Great real estate advice and personal finance advice from the show!
Ilyce Glink Show on WSB Radio – October 18, 2009
Today on the Ilyce Glink Show, we discussed the failure of almost 100 banks so far this year. As the FDIC shuts down more banks, the stock market is starting to perk up, having crossed the 10,000 mark. How does this economic news affect you. We also took questions from callers and Ilyce gave a preview of the top tips from the upcoming “How to Profit From Foreclosures” event in Atlanta. For more show notes and links, visit Ilyce’s blog
