Blog: Ilyce Glink Show Notes - September 13, 2009
Added September 13, 2009 by Ilyce R. GlinkSummary: Ilyce Glink Show Notes - Sept. 13, 2009. Taylor Bean & Whitaker update; How to Profit from Foreclosure; FREE BOOKS and FREE EBOOKS; IRS publications and taxpayer advocate service; Think Glink article subscription service.
Ilyce Glink Show Notes - September 13, 2009
Read More About Taylor Bean & Whitaker Mortgage Company
We've spent quite a bit of time trying to following up with the Taylor Bean & Whitaker mess. I've also had some off-the-record conversations with some journalist friends who agree with me that there is a lot of government passing-the-buck with Taylor Bean & Whitaker. We'll continue to follow up this week with the Georgia Department of Banking and Finance. For now, here's what we know.
Taylor Bean & Whitaker Mortgage Company Update - September 10, 2009
Taylor Bean & Whitaker Mortgage company Update September 1 2009
Taylor Bean and Whitaker Mortgage company Hotline Information for Borrowers
Taylor Bean Whitaker Mortgage Company Customer Advice From Freddie Mac
Taylor Bean and Whitaker, Colonial Bank, Bank of America Update - August 31, 2009
Taylor Bean Whitaker Mortgage Company Update
Taylor Bean Whitaker Mortgage Company Customer Advice From Cenlar
How to Profit From Foreclosures: NEW DISCOUNT
We've already sold one-third of all available tickets for our How to Profit from Foreclosure event on October 24, 2009 at the Renaissance Waverly.
If you want to learn how to buy a foreclosure, whether because you're going to live in it or because you want to start investing in real estate, you'll want to be at our event. We have a NEW DISCOUNT that will be good only for the next couple of weeks.
Go to our How to Profit from Foreclosure site and use the discount code: crystal
You'll receive 40 PERCENT off the ticket price to the event.
The best part about our How to Profit From Foreclosures event is that you'll get real information about how to invest successfully in real estate from the professionals and investors who are doing it every day. You'll hear from people who have actually bought properties and are managing them, and from attorneys and enrolled agents who help you figure out what kind of tax structure to use (LLC or Inc.?). You'll hear from real estate agents who are helping their clients evaluate these properties every day, and property managers who are working hard to keep these properties running.
Don't miss out. Sign up today for our How to Profit from Foreclosure and join us on October 24th for the best real estate information you'll get all year.
Free Book and Free Ebook Offer
I still have copies of my book 50 Simple Steps You Can Take to Disaster-Proof Your Finances and The REALLY Useful Guide to Working Smarter Not Harder available to you.
Go to the ThinkGlink.com Store and check out our FREE PAPERBACK BOOK page. You pay the shipping and we'll send you books for free.
We have a free ebook offer: Buy 3 get 1 free. Just go to the ThinkGlink.com Store and type in the discount code: freeebook
Here's how it works: You pick out the three ebooks you want. Put in the discount code, and we'll take one ebook off your bill automatically. You'll get 3 ebooks for the price of 2 ebooks! Great deal.
IRS Publications That Can Help
Publication 527 - Residential Rental Property
Publication 544 - Sale of Rental Property
Publication 946 - How to Depreciate Property
Publication 4681 - Canceled debts, foreclosures, repossessions and abandonments
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Additional Topics
(View All Topics)consumer advice credit estate planning home buying ilyce glink mortgage mortgage lenders mortgage loan personal finance advice real estate real estate advice real estate agent refinance mortgage selling taxes
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Comments
edward says
I would like to bring to light another victim of this situation that no one seems to be reporting. Taylor Bean was a lender for the FHA backed 203k streamline / renovation loan program. Described briefly, this program gave renovation funds above and beyond the loan amount to rehab/renovate the newly purchased property, with one dispursement of these funds at the end of the project. The dispursement would be sent directly to the contractor, after a bank inspector walks the completed project and confirms the scope of work is completed. These escrowed funds have obviously not gone out. And there is no one that seems to know where they are. Case in point, my situation: I am a contractor that completed a project for a new homebuyer, had the bank's inspector out the day before the feds raided Taylor Bean. Inspector signed off that all work was completed, and said he would fax in the paperwork the following morning and I would have funds within the week. Next morning.. . the feds do their thing. No funds for my company, no payments to the suppliers, outstanding bills to subcontractors, I would normally come out of pocket and cover these bills to save my credit and company reputation(even before I received any payments) , but guess what . . .I put all my cash reserves into the project on the front end . . . knowing that it was a safe scenario with it being federally backed. So we have even more people affected by this fiasco, the plumbers, cabinet suppliers, flooring contractors.... the list goes on and on. The trickle down process has started. This situation has to have been repeated throughout the country. So I would assume now there are suppliers and subcontractors and contractors gearing up to lien taylor bean properties. Not to mention all the damage that it is doing to the small business owners involved.