Monthly Archives: September 2010
Ilyce Glink Show – September 19, 2010 – Foreclosures and the Housing Industry
The Ilyce Glink Show – September 19, 2010. There are two things that need to happen to help restart the housing industry: Houses that are in foreclosures have to be sold, and folks have to have a job that will pay their bills and help them keep their homes out of foreclosure. How can you do either of these things? Visit Ilyce’s Blog for more information.
Property Seizure by Medicaid to Pay Medical Bill
Property seizure by Medicaid to pay medical bill is possible if homeowner is delinquent on payments with no other assets. Medicaid can seize property to pay medical bills. Seniors needing assistance to pay medical bills may receive Medicaid coverage. Seniors with funds are expected to pay medical bills or face property seizure for Medicaid. Medicaid can seize property and other assets to pay for outstanding medical bills.
Shop Around For Mortgage Brokers
Shop around for mortgage brokers when refinancing your mortgage loan. Research mortgage interest rates with several mortgage lenders before picking a mortgage broker to use during refinance. Mortgage brokers don’t all cost the same. Every mortgage lender has different rates, shop around for mortgage brokers before you refinance your mortgage loan.
Talk with four or five different mortgage broker to find you the perfect mortgage broker to refinance your mortgage.
Paying Subordination Fees In Mortgage Refinance
Beware of paying subordination fees in a mortgage refinance. Refinance your mortgage twice and you might be paying subordination fees during the mortgage refinance. If you refinance your home mortgage with two lenders, you may be responsible for paying subordination fees. Paying subordination fees in mortgage refinance marks one lender as the primary mortgage lender and one as the secondary mortgage lender. Paying subordination fees in mortgage refinance allows the primary mortgage lender to grant your mortgage refinance. Make sure you understand paying subordination fees in mortgage refinance when refinancing your home mortgage a second time.
Do You Need a Real Estate Attorney?
Do you need a real estate attorney when buying a house? Find a real estate attorney to help when buying a house. You may need a real estate attorney to look over real estate documents when becoming a homeowner. If you are considering renting out your property to other people, you may also need a real estate attorney to teach you the laws concerning property ownership.
Baby Boomers Mortgage Trends
Baby boomers are setting the pace for mortgage change. Most baby boomers are reaching the end, or getting closer to the end, of their first 30 year mortgage. Baby boomers have refinanced their mortgages numerous times and are now looking for better options. Lower mortgage rates mean more people are refinancing their mortgage for a lower, fixed rate. Now is the time to look into refinancing, reevaluating, and generally reassessing your mortgage payments.
Inheriting a Quit Claim Deed
Inheriting a quit claim deed upon the death of a property’s owner causes ownership issues. When left a spouse’s property upon their death you inherit any quit claim deed they were deeded. In inheriting a quit claim deed you inherit responsibility for the property of the quit claim deed. If your spouse had a will that left everything to you, you own the property in the quit claim deed, intended for your spouse. If somebody else is in that property, you must decide how or if to rent them the property.
Will Causes Inheritance Issues With Children
Will causes issues with children dividing assets. Multiple wills cause inheritance issues for children dispersing estate to beneficiaries. Children unclear what is valid will at time of death, causes inheritance issues. Most recent will needs to be properly marked because multiple drafts of a will causes issues for children left with estate. Remember inheritance issues a will causes when altering a will. Estate attorneys can usually sort inheritance issues over wills.
How Will Baby Boomer Seniors Pay Their Mortgage?
How Will Baby Boomer Seniors Pay Their Mortgage? Alan Greenspan said this week that fiscal stimulus has fallen far short of expectations. He’s now advocating that we stop adding to the deficit and instead we let the markets heal themselves. That’s just what we need – more markets crashing, and wiping out what’s left of Main Street’s fortunes. Meanwhile, pension benefits for current and future retirees are being cut by the states, which are mostly broke. So, how exactly will; Baby Boomer seniors pay their mortgage?
Ilyce Glink Show Notes September 12, 2010 – Stock Market Update, Housing Market Predictions
It’s clear that the stock market isn’t reflecting the reality on Main Street, although it might be reflecting the optimism spouting forth from Wall Street and Washington D.C. This week, the stock market ended up slightly, with lighter trading due to the Jewish Rosh Hashana Holidays. But on Main Street, the suffering continues. Can we recover from the Great Recession without a booming housing market? A new study that looks back over the past 14 recessions, including the Great Depression says no. Are there any bold ideas for the housing market? How to Profit From Foreclosure is our answer to that question. See below for details on the event, which is in three weeks and a 40% DISCOUNT!!! FREE BOOKS and EBOOK DEAL. Sign up for our free weekly newsletter.
