Monthly Archives: November 2009
Ilyce Glink on the Clark Howard Show – November 25, 2009
Today Ilyce Glink filled in on the Clark Howard Show on WSB Radio. She discussed the latest economic news, including consumer spending numbers for October, the latest jobless claims, new home sales on the rise, and mortgage rates matched a 50-year low this week. Ilyce also talked about how to find the best Black Friday deals, and took questions from callers like Tim who wanted to know about the home buyer tax credit and Mary whose brother-in-law died and his house is about to be foreclosed on. She needs to get an extension so that she stops the foreclosure. For more questions and answers to real estate, personal finance and consumer questions, listen to the podcast here or download from iTunes. For more show notes and links, visit Ilyce’s blog
Home Buyer Tax Credit Requires Tax Forms To Be Submitted
$8000 First Time Home Buyer Tax Credit and $6500 Repeat Home Buyer Tax Credit Require Tax Forms To Be Submitted
The new and expanded home buyer tax credits now require additional documentation to obtain the tax credit after buying a home. Whether you are a first time home buyer or a repeat home buyer, you will need documents to go along with your federal income tax return.
$6500 Repeat Home Buyer Tax Credit Has Time Restrictions
To obtain the $6500 home buyer tax credit, you must comply with certain time restrictions: you must have lived in the prior home a full five years prior to the date of purchase of your new home. You must also qualify on the other terms of the home buyer tax credit. If you are short on the time that you lived in your prior home, you won’t qualify for the $6500 home buyer tax credit.
Loan Modification Doesn’t Stop Foreclosure
Ever wonder what is going on a lenders’ back offices? Does one side of the bank know what the other side of the bank is doing? If you have applied for a loan modification under the Obama Making Home Affordable Plan, you might be surprised to find out that the collection department of the lender doesn’t know anything about your loan modification. How do you handle the collections’ department when confronted by them.
Seller Disclosure and Septic System Problems
If you are buying a home, you might read over the listing sheet, but you should also review any seller disclosure form given to you.
Most states have seller disclosure laws that require sellers to disclose to a buyer any major or material defect in a home. In addition to the seller disclosure form, you should also inspect the home using a professional home inspector.
Clark Howard Show Notes – November 25, 2009
Clark Howard Show Notes – November 25, 2009; Happy Thanksgiving. Ilyce’s Annual Turkey Recipe; Consumer spending rose in October; U.S. jobless claims fall slightly; New Home Sales Rise; Mortgage Rates Match 50-year low; Black Friday Deals of the Day; FREE BOOKS/EBOOKS. Ebates.com; blastoffnetwork and ebates
Ilyce Glink Show Notes – November 22, 2009
Ilyce Glink Show Notes – November 22, 2009. Hard to believe it’s Thanksgiving Week. I’ll be filling in for Clark Howard Wednesday, Friday and next Monday. On today’s Ilyce Glink show, we looked at the stock market pullback this week, the housing and unemployment numbers, Ilyce’s Turkey Recipe, 401(k)s and Roth 401(k)s, Ilyce’s refinancing deal, and other financial and real estate topics. We also answered your questions about money and real estate. FREE BOOKS, EBOOKS, AND OUR NEXT EVENT IN ATLANTA. Be sure to sign up for the free weekly newsletter and follow Ilyce on Twitter @Glink.
Ilyce Glink Show on WSB Radio – November 22, 2009
On today’s Ilyce Glink Show, we looked at the stock market pullback this week, the housing and unemployment numbers, Ilyce’s Turkey Recipe, 401(k)s and Roth 401(k)s, Ilyce’s refinancing deal, and other financial and real estate topics. We also answered your questions about money and real estate. Listen here or download the podcast from iTunes. Check Ilyce’s blog for more show notes and helpful links. Don’t forget to tune in the week of Thanksgiving when Ilyce fills in for Clark Howard on Wednesday, Friday and the Monday after Thanksgiving.
Refinance Fees: How Much Is Too Much?
When you’re refinancing your mortgage, how much should you be paying in refinance fees? It can be hard to tell what fees you’re paying to the lender, what is prepaid interest, and what are the other costs of the loan. Refinance fees, especially for prepaid interest, can add up to the closing costs of refinancing your loan. Have your lender explain exactly what all the refinance fees are going toward before you make any decision about refinancing or canceling your refinance.
8000 Tax Credit First Time Home Buyer Rules For Buying With A Partner
Can you qualify for the 8000 tax credit for first time home buyers if you are buying a house with a partner? if you’re not married you can probably still claim the first time home buyer tax credit on your tax return, even if your partner doesn’t qualify for the first time home buyer tax credit. Ask a tax professional for help to make sure you maximize the benefits of the 8000 tax credit for first time home buyers. Also, when buying with a partner, it’s usually for the best to draw up a partnership agreement about how the home will be purchased.
