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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.

  • Lender Baiting And Switching Mortgage Rate - A reader is refinancing their home and finds that the lender did not lock in on the rate they believed they should be getting. Ilyce walks them through the steps of filing a complaint and warns them against working with this lender.

  • Housing Market Continues To Look Good - This spring the housing market continues to take off. Homes are rapidly appreciating and being sold a record pace. Can the market keep up this pace?

  • Reverse Mortgage Good Option For Elderly Mother - A reader is wondering if a reverse mortgage is a good option for a struggling friend. Ilyce explains that a reverse mortgage is a great option for a person over the age of 62 and would like to remove some of the equity from their home.

  • Quitclaim Home To Avoid Foreclosure -  reader's mother would like to quitclaim her house to avoid foreclosure. Ilyce gives advise on how to best avoid a huge tax bill and make sure the mother has a home to live in.

  • Contractor For New Construction Pulls Out Of Area - A reader has been working with a contractor to build a new home. After the plans are set, the contractor decides to pull out of the area. The reader is stuck finding a new contractor at considerable cost. Sam and Ilyce explain their legal recourse and what would be the best strategy to get their house built.

  • LIBOR - London Inter-Bank Offered Rate - A reader has an interest-only LIBOR mortgage and has experienced monthly increases. Ilyce explains LIBOR, London Inter-Bank Offered Rate, and how to evaluate the value of the loan.

  • Negotiating Price On Future Home - A reader has made an offer on a new home. The sellers have counter offered and the buyer is unsure the price is reasonable. Ilyce helps her think through the process of determining the value of a home.

  • Previous Owners Did Not Get Permits - A reader has recently bought a 50 year old home from an owner who did improvements to the home without pulling permits for the work. Ilyce discusses how to work with your local building department in getting permits for the work done previously.

  • First-Time Buyers Different From 10 Years Ago - Ilyce reflects on the changes since she wrote the first edition of 100 Questions Every First-Time Home Buyer Should Ask.

  • Selling By Owner After Firing Agent - A reader has recently terminated their contract with a realtor and would like to list the property for sale by owner. Ilyce explains how to read the contract to determine how many days they must wait before listing the property.

  • Neighbors Claim Fence Is On Their Property - A home owner has a neighbor who insists they move their fence because it is on the neighboring property. Ilyce explains that they need to hire a surveyor and a good real estate attorney or risk losing their land and trees.

  • Eligible For Specific Performance If Default - A reader is wondering if they would be eligible for a specific performance in the event of a breach of contract. Sam and Ilyce explain that when a dispute arises, either party has the right to go to court and sue the defaulting party.

  • House Foreclosed On Seller Prior To Closing - A reader was due to close on a house and the lender foreclosed on the seller. Ilyce and Sam explain on how they may be able to save this deal.

  • Timeshare Seized For Late Payment - A reader's timeshare is seized due to a late payment of the annual fee. Ilyce suggests reading the timeshare documents and talking to an attorney that has dealt extensively with timeshare associations.

  • Put Home In A Revocable Trust - A reader would like their investment property to be given to their sister upon their death. Ilyce suggests putting the home in a revocable trust.

  • When Selling Your House, Hire Your Own Inspector - Many homeowners worry about what the home inspection may bring when they have a contract to sell their home. Ilyce suggests getting a pre-listing inspection to avoid any surprises.

  • Will Renting Out A Room Change Tax Bill At Sale? - A reader has been renting out a room in their home and taking the depreciation and deductions. Now that they are ready to sell, they will need to pay taxes on the depreciation they took and the capital gains they make on the investment portion of the property.

  • Is There Really A Free Credit Report? - A reader is wondering if there really is such a thing as a free credit report. Fortunately, once a year, a free copy of your credit history is available from each of the three credit reporting bureaus.

  • Paying Taxes On The Sale Of Commercial Land - A reader is selling commercial land and making a large amount of money in capital gains. Sam and Ilyce fully explain the 1031 - Starker Trust and the laws regarding capital gains tax payments.

  • Purchasing Home With Help From A Family Member - A reader is considering buying a home with help from his mother. Ilyce explains the difference between being named on a deed and a mortgage, and how to structure deals made with family members.

  • Mortgage Lender Learns No Source, No Seasoning - A new mortgage lender is curious about the term, no source, no seasoning. Sam and Ilyce explain how the paper trail for the money used in the transaction must be well documented and established.

  • Taking First Steps After Bankruptcy - A reader filed bankruptcy and sold their home to become debt free. Ilyce helps this single mom develop a plan for a secure financial future.

  • What To Do If You’re Behind On Your Mortgage - Many homeowners mistakenly believe that if their mortgage lender knows they’re in trouble, their loan will immediately be put into foreclosure. In reality, the Department of Housing and Urban Development requires lenders to develop a strategy that can help you keep your home.

  • Considering Renting Out Home  - A reader is being transferred to a new city and is considering renting out their current home. Ilyce gives the reader tips on what to consider when thinking about becoming a landlord.
















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