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.
Circuit City Stores announced Friday that it will seek Bankruptcy Court approval to begin the preccess to liquidate the assets of the company.
Unfortunately for the 34,000 people employed by Circuit City, the consumer electronics retailer was unable to come to an agreement with its creditors and…
Topics: bankruptcy
I have spent quite a bit of time this week calling big mortgage lenders to chat about their streamline loan modification program.
Here's what I learned:
If you have a Fannie Mae or Freddie Mac loan, AND you are 90 days + late on your mortgage, you can call your lender and request a streamline loan…
Topics: mortgage loan
The number of foreclosure filings in 2008 increased a dramatic 81 percent over that of 2007, announced RealtyTrac in its 2008 U.S. Foreclosure Market Report.
The report states that 3,157,806 foreclosure filings were made on 2,330,483 properties. That means that some properties were subject to…
Topics: foreclosure
According to the National Association of Realtors, if all home buyers become eligible for a tax credit without a repayment feature, it could result in an additional 555,000 home sales, which would be enough to significantly reduce excess housing inventory.
Lawrence Yun, NAR chief economist, said NAR…
Topics: taxes
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