Monthly Archives: February 2010
Ilyce Glink Show Notes: February 14, 2010 – Last Weekend for Investing Event Discount and Tax Show
Ilyce Glink Show Notes: February 14, 2010 – Last Weekend for Investing Event Discount and Tax Show. Happy Valentines Day. This is our last weekend for the 50 percent discount on our How to Invest Your Money in 2010 event, at the Gwinnett Center, in Duluth, GA. The price for tickets goes up on Tuesday at midnight, so be sure to sign up now. Today, we’re talking about the economy, the stock market and the increasing number of delinquent mortgages. In the second hour of the show we will answer your tax questions. CPAs Sheldon Donner and Kathie Gottlieb will be by to answer your tax questions. Taylor Bean and Whitaker Mortgage company update.
Buy, Close, Move In
Buy, Close, Move In.
This is Ilyce Glink’s latest book. It will be available beginning April, 2010. The book looks at the way real estate used to be, and how the credit crisis, housing crisis and pervasive mortgage fraud have created a brave new world of real estate. In her latest book, she gives her real estate advice as to how to deal with the current real estate market.
If you are buying a home to live in or if you are buying investment real estate, this book walks you through what you need to know now in order to safely and profitably navigate the new world of real estate.
The book is available for purchase from Amazon.com, Barnes & Noble, Borders and all major bookstores and book websites.
Ilyce is the author of more than a dozen books including the best seller “100 Questions Every First Time Home Buyer Should Ask.”
Foreclosure Home For Sale May Require You To Contact The Lender
If you are planning on buying a home in foreclosure, you may need to work a bit harder than if you were buying any other home. While some real estate owned properties (REO) — those properties that have already been foreclosed and are owned by a bank — hit the real estate market with a real estate broker, some REO properties by be sold through companies that specialize in bank owned properties. Many of these homes, if not most, will be listed in a real estate multiple listing service. But before the property gets to the listing service, a savvy home buyer might be able to talk to the bank and buy the property before it’s listed.
Title Insurance Policy May Not Save You If You Bought The Wrong House
We always say that you should make sure that you obtain a title insurance policy when you purchase a home. That protection is usually quite valuable. However, if you do not use a real estate attorney and think you are buying one thing when you actually are buying another, you may be out of luck. When you are purchasing the most expensive thing in your life, you should probably hire a real estate attorney. And if you are not going to hire a real estate attorney, you should make sure you have a pretty good understanding of what you are buying before signing on the dotted line.
Adding Name To Property Title May Not Be Best For Friends
Buying a home is hard enough. Owning a home is even tougher. But sharing your ownership interest in your home and adding the name of a friend to the title to the home should be done only after careful consideration. You must consider whether you are just friends, will be married, possible breakups and other life changing issues. Once you have thought about these issues, you can proceed to decide how you should hold title to your real estate and whether to include a friend or not.
Estate Tax Planning Nearly Impossible For 2010 And Beyond
2010 is finally here and the repeal of the estate tax has come.
But will it go away?
Ten years ago, the slow process of repealing the estate tax started. Due to budget issues, Congress decided to only pass a law that would last ten years. The last of those ten years would eliminate the estate tax completely. Now people are trying to plan their estates and they don’t know what Congress will do now.
Taylor Bean And Whitaker Mess
First TBW goes out of business. Then, borrowers don’t know where to send their mortgage payments and payments sent to Equity Accelerator companies were frozen and payments were not being made. Once former TBW borrowers know who their new loan servicer is, they now find out that the money they had in tax escrow and home insurance escrow accounts is frozen and then need to come up with the money to pay those bills. Now they have not even received 1098 tax forms to complete their federal income taxes for 2009.
Home Warranty On New Home May Not Exist
If you’ve just bought a newly constructed home, you should have received a home warranty from the seller. In some cases that home warranty will be a long document, while in others it may be a one page document. In some states, you get the warranty from the builder whether he gives you something in writing or not.
Ilyce Glink Show Notes – February 7, 2010 – Stock Market Update, Unemployment Update, How to Invest In 2010 Discount
Ilyce Glink Show Notes – February 7, 2010 – Stock Market Update, Unemployment Update, How to Invest In 2010 Discount LAST WEEK. Stock market was down for the week, and down 7 percent from the high in January. The President submitted a budget for $3.8 trillion that provides some cuts but portends a huge deficit. Nine million housing units are for sale, out of about 130 million total. Those numbers mean home values will probably decline again. FREE BOOKS AND EBOOK DEALS. Last week for the 50% discount to the HOW TO INVEST YOUR MONEY IN 2010 Event/Atlanta.
Refinancing An Interest Only Loan or Paying Down The Mortgage
Sometimes your current loan will be a better deal than refinancing an interest only loan. If the closing costs are too high to refinance and your interest rate is reasonable, you might be better off keeping your existing mortgage loan. However, if you have cash sitting around, you might consider paying down the mortgage debt you owe. Depending on the type of loan you have and where you would otherwise invest your money these days, the option to pay down you debt might appeal to many homeowners.
