Welcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics.
Today's $8.4 billion settlement covers about 400,000 borrowers in 11 states. But Bank of America is hoping that it can reach a settlement with borrowers in all 50 states.
If you have a Countrywide or Bank of America loan and you're in trouble call this number:
Mortgage: 1.800.846.2222 Home equity loan…
Topics: mortgage
Our first call today was from Howard. He's 75 and his wife is 65. Their house (he said) is worth about $170,000. He has a $20,000 mortgage and they are on a fixed income. They're wondering if a reverse mortgage is right for them. He went and talked to a lender who quoted them 10 percent in closing…
Topics: personal finance advice
If you're selling by owner, you have two jobs: The job of the seller and the job of the agent, which involved pricing the property correctly and marketing it in tough times.
You should check out these websites that are a cornerstone for any online marketing program:
www.forsalebyowner.com (The largest…
Topics: real estate agent
On the show this morning, we heard from Doug, who bought his house with an 80/20 loan (100 percent mortgage, no down payment) four years ago. He and his wife refinanced into a 5/1 a year ago and took out some cash.
He got lung cancer and fell 45 days behind his loan. he's getting killed on the fees…
Topics: personal finance advice
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