Foreclosure Affects Credit But Homeowner May Avoid Deficiency Judgment
Going through foreclosure isn't what anybody wants to go through. For some, going through foreclosure can be the start of a process that can drag on for years. If the foreclosure process does not yield enough money to pay off the mortgage that the lender had given the homeowner, that homeowner could…
Refinancing Mortgages With Falling Home Values And The Revised Obama Plan
Falling home values have sure hurt homeowners. As interest rates have come down, these same homeowners are trying to refinance their loans but are having trouble due to the lower value of their homes. Recent Obama administration proposals are attempting to help homeowners. Before, if your loan was…
FHFA's James Lockhart On The Role Of Freddie Mac, Fannie Mae and Federal Banks
James B. Lockhart, Director of the Federal Housing Finance Agency spoke before the National Association of Real Estate Editors on "The Roles of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks in Stabilizing the Mortgage Market."
He discussed the current state of the housing market, what the…
Answers From HUD Secretary Shaun Donovan
Shaun Donovan, Secretary of the Department of Housing and Urban Development (HUD), spoke to members of the National Association of Real Estate Editors yesterday afternoon in Washington, D.C. He took questions from the media on the topics of foreclosures, mortgage lender compensation, whether he is…
Questions for HUD Secretary Shaun Donovan
Shaun Donovan, Secretary of the Department of Housing and Urban Development (HUD), spoke to a members of the National Association of Real Estate Editors yesterday afternoon in Washington, D.C. After he made his prepared remarks, Donovan took questions from the media on the topics of foreclosures…
ThinkGlink Radio Show for Jun 17, 2009
Ilyce is away from the Ilyce Glink Show and she's talking with Doug Page in The Press Room News & Tech Radio Network Show about the housing market and personal finance issues as they affect the newspaper industry and consumers. Listen to this hour-long podcast for Ilyce's take on the economy…
Credit Crisis: Are We Facing Financial Armageddon?
The credit crisis and housing crisis over the past few years has spawned concerns that we're facing financial armageddon. Is this happening? And, if it is, what will it mean for consumers and their bank accounts? One listener to Ilyce Glink's radio show wonders whether Ilyce thinks a blog called…
ThinkGlink Radio Show for Jun 14, 2009
Today on the Ilyce Glink Show there was a lot of news to tackle. Consumer confidence, the number that shows how the public is feeling about the economy, rose to a nine-month high, even though gas prices are rising again. According to a new analysis by msnbc.com and the Investigative Reporting…
Today on the Ilyce Glink Show - June 14, 2009
Today on the Ilyce Glink Show, we're discussing the following:
US. Consumers' mood is the strongest in 9 months. Consumer confidence rose to a nine-month high, according to the Reuters/University of Michigan Surveys of Consumers. The preliminary index of confidence for…
Purchase Of Foreclosure Pays Off
If you purchase a foreclosed property, that decision can be a great financial decision. The investment can pay off if you buy the right property, at the right time and in the right location but you need to make sound financial decisions.
Loan Modification Scam And Bankruptcy
President Obama's Making Home Affordable Program attempts to assist homeowners in default or late in their mortgage payments. It also is intended to assist people that may have difficulty paying their mortgage payments. For some unemployment, medical expenses, the economic crisis, the housing…
California, Nevada, Florida Rank Top 3 For May Foreclosures
RealtyTrac released today the May 2009 foreclosure numbers. Nevada tops the ratings with 1 in every 64 housing units receiving a foreclosure filing, more than six times the national average. California was second with 1 in every 144, and Florida third with 1 in every 148 housing units receiving a…
May Foreclosure Activity Up 18 percent From Last Year
RealtyTrac, the leading online marketplace for foreclosure properties released its May 2009 U.S. Foreclosure Market Report, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 321,480 U.S. properties during the month, a decrease of 6…
Today on the Ilyce Glink Show - May 31, 2009
Today on the Ilyce Glink show, Ilyce talked about HUD Secretary Shaun Donovan's announcement this week that first-time buyers would be able to use their $8,000 tax credit to offset some FHA loan program costs and then put the rest toward a larger down payment - after coming up with the initial 3.5…
New Residential Construction Declines In April
The Department of Commerce announced this morning that new residential construction declined in April in terms of building permits, housing starts and housing completions.
Here are the stats:
* 494,000 building permits issued, down 3.3 percent from March, down 50.2 percent from a year earlier
…
ThinkGlink Radio Show for May 17, 2009
Today on the Ilyce Glink Show we took calls from listeners about reverse mortgages, home modifications and President Obama's housing plans, and how to buy foreclosure properties. We also talked about CCCS of Greater Atlanta and explained more about what they can do for consumers.
For show notes and…
Where Should Your Tax Dollars Go?
Real estate attorney Sam Tamkin responds to a reader who is upset by hearing about taxpayer dollars being used to help people stay in their homes.
I don't mind paying taxes for things that I can see the use for: roads, public safety, garbage collection. And I don't mind helping people who can't help…
Lenders And Borrowers Need To Work Together To Find A Plan To Save Money
In this economic crisis, there are many different viewpoints over what caused the mortgage situation and what should be done to solve the economic problems. Real estate attorney Sam Tamkin talks about a program he is participating in to work with lenders and borrowers to work through their mortgage…
Download The Podcasts For Ilyce Glink's Makeover Your Money Event
If you're a fan of the Ilyce Glink Show on WSB Radio, you will want to check out the podcasts from Ilyce Glink's Makeover Your Money Event.
The Makeover Your Money Event was a full day in Atlanta of sessions with Ilyce and expert panelists on topics like Debt & Credit, Financing & Foreclosure and …
Horrifying Foreclosure Numbers in April
Clearly, the foreclosure numbers for April, 2009 are horrifying. There are so many people who are receiving foreclosure notices or who are turning over their house keys to their lender in a deed-in-lieu of foreclosure transaction. The top 10 states for foreclosure (California, Nevada, Arizona…
Foreclosures Increase 24 Percent In First Quarter 2009
In the first quarter, the number of foreclosures increased 24 percent from a year earlier, reported RealtyTrac today. One in every 159 homes received a foreclosure notice in the first quarter. RealtyTrac includes bank repossessions, default notices and auction sale notices in the foreclosures it…
Foreclosure and Short Sale Discounts Weigh Down Metro Area Median Prices
First-time home buyers responding to improved affordability conditions, and lower prices of foreclosures and short sales, impacted metropolitan area median home prices in the first quarter, while existing-home sales remained sluggish in many parts of the country, according to the latest survey by…
ThinkGlink Radio Show for May 9, 2009
Ilyce Glink's Makeover Your Money - Part 2
Financing & Foreclosure with panelists Mike Rose, Bank of America; Sarah Bolling, Legal Aid Society of Atlanta and Margaret McNeal, CCCS of Greater Atlanta
At the Makeover Your Money Event in Atlanta on May 9, 2009, Ilyce Glink moderated a panel discussion…
ThinkGlink Radio Show for May 9, 2009
Ilyce Glink's Makeover Your Money - Full Day
Debt & Credit with panelists Steve Ely, Equifax and Rodney Tullie, CCCS of Greater Atlanta
Financing & Foreclosure with panelists Mike Rose, Bank of America; Sarah Bolling, Legal Aid Society of Atlanta and Margaret McNeal, CCCS of Greater Atlanta
…
5 Ways to Know the Real Estate Market is Improving
My mother said something interesting to me the other day. She said, "The Realtors in my office are much busier than they were two months ago. They're doing real deals."
This would be just another one of those passing comments except that my mother works for the top Baird & Warner office in downtown…
