Blog: Today on the Ilyce Glink Show April 19, 2009

Added April 19, 2009 by Ilyce R. Glink

Spring is finally here, which means longer, warmer days and gorgeous flowers poking up after a long winter. The economy needs the warm winds of spring to give it a boost, I think, and that's what we're seeing right now.

On today's show, we'll talk about the spate of good news (stock market up 25 percent over the lows a few weeks ago), some of the big banks have declared big profits (though they aren't out of the woods yet) and even President Obama is saying that we're starting to move forward. We'll also talk about:

  • Mortgage interest rates are at about the lowest in 50 years. Time to refinance?
  • New hurdles for mortgage borrowers. What's going on?
  • Freddie Mac believes that US housing sales are nearing the bottom. Will they rebound quickly?
  • The 30-day bank. FDIC pulled an unusual move last week when it couldn't find a buyer for a bank. Haven't heard of the 30-day bank? I'll tell you what it is and we'll talk about more bank closings. (We're now at 25 banks closed this year, which is the same number as for all of 2008.)
  • In travel news, Delta announced it had closed its India call centers. Now you no longer have to be asked to be transfered back to the US.

We're also offering a special 2 for 1 deal for the Ilyce Glink Makeover Your Money day on May 9th! Sign up and use the special discount code "SAVEMEMONEY" and receive 50 percent off your ticket price. We really want you to join us. You can also go to ThinkGlink.EventBrite.Com for more details about the program, which I'll talk about on today's show.

Hope you can tune in. Listen live at wsbradio.com.

If you'd like to help us out, you can contribute to our site and keep the site free of charge. Thanks.

© Ilyce R. Glink. All rights reserved. This content may not be used, distributed, syndicated, compiled or excerpted in any medium or form without written authorization from Think Glink, Inc. For information on syndicating ThinkGlink.com please contact us.

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Ilyce says

April 19, 2009 at 10:29 am

Maria just called the show. She's facing a real conundrum: She's separated for four years. Her soon-to-be-ex-spouse is unemployed and the family house is nearly in foreclosure. She's been paying her rent for four years and doesn't really want to move into the house. The bank has asked her to move back into the house and they'll readjust her payments to $1,100 per month (including taxes and insurance, about what she's paying in rent). Or, she's been contacted about doing a foreclosure. She wanted to know what she should do. The answer may revolve around taxes. She has to see whether she qualifies to not pay taxes on the missing money (the difference in a foreclosure or a short sale between what she owes and what the property is worth) because she doesn't live in the house as her primary residence. I told her to talk to a tax professional and try to figure this out. She may need to move back into the house as her primary residence for a time in order to get rid of it. These are the kind of issues we'll be dealing with at the Ilyce Glink Makeover Your Money day on May 9th. Please join us. www.thinkglink.eventbrite.com. Or, click on the events button. SIGN UP TODAY!!!

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