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Articles By Ilyce

Ilyce Glink is an award-winning, nationally syndicated columnist, television reporter and radio talk show host who is widely known for her expertise on trends and issues in real estate and finance. Her syndicated column REAL ESTATE MATTERS offers common sense information and practical insights for anyone thinking about buying, selling, rehabbing or refinancing a home.

  • Revocable Living Trust - A homeowner wants to transfer his condo into his revocable living trust. He wants to know whether he can make this change to the revocable living trust without a lawyer. Ilyce says it is safer to work with a lawyer.

  • Quit Claim - A grandchild gets a home through a quit claim deed. He or she wonders about a mortgage that the grandfather had. What are the grandchild’s responsibilities to keep the home acquired through a quit claim deed?

  • Sheriff’s Sale - A home buyer purchases a home that’s set to be sold in a sheriff’s sale. The timing of the home purchase and the sheriff’s sale conflict. The home buyer wonders if there’s a way to save the home from the sheriff’s sale.

  • 1031 Tax Exchange - A property owner asks about the tax liabilities from selling a property. One possibility is a 1031 tax exchange or a Starker exchange. A 1031 tax exchange involves buying a new property within 180 days.

  • Foreclosure News - The latest foreclosure news includes Project Lifeline, a program to delay foreclosures. Other foreclosure news includes huge increases in foreclosures in Albany, N.Y., and in the D.C. metro area.

  • Real Estate Short Sale - A home buyer has put an offer on real estate that’s being sold by a bank through a short sale. The buyer has not heard back from the bank whether they accept his offer for the real estate short sale.

  • PMI - A couple wants to buy a foreclosed home but is unsure about how PMI figures in. PMI, or private mortgage insurance, reimburses lenders for the balance above 80 percent of the mortgage, if a home becomes a foreclosure.

  • Landlord Books - A reader asks Ilyce for which landlord books she recommends. The landlord books are by Robert Irwin and Robert Shemin. If you want to become a landlord you may want to read these books.

  • Kitchen Renovation - A couple buys a home with a poor kitchen renovation. They want to know if they can hold the seller accountable for the kitchen renovation. They regret buying their home with the bad kitchen renovation.

  • Blackmail - A home buyer asks whether a home seller asking for money outside the sale at closing is blackmailing him. Ilyce says it is blackmail and illegal. She suggests he contact a real estate attorney.

  • Refinance Mortgage - You may be wondering whether to refinance your mortgage now. Make sure to refinance your mortgage for the right reasons. Lowering taxes may not be a good reason to refinance. Preventing foreclosure may be worthwhile.

  • Home Owner Liability - A home owner asks who has liability for an ancient tree being torn down on a next door lot. The home owner wonders if it’s a neighbor, who is having a house built, has liability or if it’s the builder, who tore down the tree.

  • Tear Down House with Mortgage - A couple asks if they should tear down their ranch house while they still have a mortgage. They say many of their neighbors tear down their houses so their street has many new brick homes.

  • Refinance Home Loan - A home owner asks how to refinance his home loan. The home loan refinance market has become chaotic so it pays to shop around. A good place to refinance your home loan is a credit union.

  • Property Transfer - A reader asks about the impact of his parents transferring their property to him. How will the property transfer affect their Medicare benefits? There may be a better way to achieve the goals aside from a property transfer.

  • House Deed - Reader asks about the legality of someone putting a name on a house deed without the person’s consent. To transfer a house deed the people on the deed must consent.

  • Prevent Foreclosure - To prevent foreclosure you should pay your mortgage on time and in full every month. Preventing foreclosure should be a high priority because losing your home hurts your credit. There are steps you can follow to prevent foreclosure.

  • Refinance Home & Divorce - A woman getting divorced says her ex-husband is buying her share of their home and he refinances the home. She asks if it matters that he refinances the home through a federal bank.

  • Mortgage Documents - A woman says she’s refinanced her house and is confused about her mortgage documents. She says her mortgage documents have her married name but the title agent said it should have her maiden name.

  • Foreclosure Process - Many homeowners who struggle to make payments don’t understand the foreclosure process. Contact HUD or your lender to learn about the foreclosure process. You may be able to avert the foreclosure process.

  • Landowner - A landowner who owns one twelfth of a property wants to sell. The landowner says his co-owners will not buy him out. The landowner wants to know his options.

  • Vacation Home - A woman says her parents sold their vacation home to her sister, thus breaking a promise. Her parents should have sold the vacation home to all three siblings she says. She asks about legal rights.

  • Joint Ownership - An unmarried couple buys a home in joint ownership but never cohabitates. The woman pays off the home and the joint owner wants to be paid. What are her rights under joint ownership?

  • Stop Foreclosure - If you’re having trouble making your mortgage payment you probably want to do whatever you can to stop foreclosure. Stopping foreclosure is possible if you take the right steps.

  • Foreclosure Questions - If you’ve got foreclosure questions you might think that talking to family and friends will help. But that may not be the best choice. They’re not foreclosure experts and may not be able to answer your foreclosure questions.

  • Divorce Property Settlement - A woman asks about accepting a house and foregoing her husband’s retirement in a divorce property settlement. She says she wants the house in the divorce property settlement.

  • Joint Ownership - A wife asks about the taxes owed on a home under joint ownership. Her husband has joint ownership with his sister. The joint ownership details will determine tax liability.

  • Tax Debt Help - You may seek help if you owe a tax debt. Although the IRS cannot touch your retirement savings they may suggest getting tax debt help by borrowing against them. Another way to help with tax debt is to deduct PMI.

  • Annual Free Credit Report - A reader says he tried to get an annual free credit report but paid for it. The only site where to get an annual free credit report is annualcreditreport.com. She says watch out for ads for an annual free credit report.











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