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…
Can Real Estate Agent Help With Foreclosure Home Purchase?
Do you need a real estate agent when you're buying a foreclosure? If you already have a property in mind and have a real estate attorney, you probably don't need a real estate agent to help you with a foreclosure home purchase. The lender who's selling the foreclosure may be working with a real…
Foreclosures Increase 9 Percent In First Quarter Of 2009
The number of foreclosures increased 9 percent in the first quarter of 2009 from the last quarter of 2008. They rose nearly 24 percent from a year earlier, RealtyTrac reported recently.
In March alone, lenders foreclosed on more than 340,000 properties, up 17 percent from February and up 46 percent…
ThinkGlink Radio Show for Apr 19, 2009
Today on the Ilyce Glink Show we talked about the boost in the economy with the stock market up 25 percent over the past few weeks and banks declaring profits. However, we're far from being out of the woods. Ilyce discussed mortgage issues, what the FDIC is doing, and how Delta has closed it's…
Are You Using Your 401k to Pay For Your Housing Expenses?
What happens when your luck runs out? You go into backup mode, and start working through your assets. Then, it's time to tap your retirement savings, even though your golden years may be just around the bedn. But what happens after your 401(k), 403(b), 457 retirement plan IRAs are depleted? How do…
Seller Financing Risky If Buyer's Finances Uncertain
Since the credit crisis, mortgage lenders have raised their requirements for issuing mortgage loans. With this in mind you as a seller may decide to extend financing to a home buyer. But what are the risks of seller financing? How can you ensure that the buyer who you provide seller financing to can…
Easement Comes To Light After Foreclosure Purchase
When you buy a home from a bank through a foreclosure process some details may be missed. While you may hope that the title company would find documents related to easements, if the previous owner had a private agreement with his neighbor that may come to light later on. What can you do if you…
How To Buy A Home For Less Than Listing Price
Since the collapse of the housing market many buyers have started to make low-ball offers when buying a home. How can you buy a home with an offer that's less than listing price? You have to do your research -- look closely at foreclosures, short sales and comparable properties before making an…
Home Repair Responsibility Differs For Foreclosure
When you're buying a home, the seller is usually responsible for making repairs before closing. But when you're buying a foreclosure, the responsibility for fixing the home does not usually lie with the mortgage lender who's selling it. When you're trying to decide whether to buy a foreclosure you…
Using Spouse's Good Credit To Buy Home After Foreclosure
If you lose a home to foreclosure, but only one spouse's name was on the mortgage loan that went bad, can you try to buy another home or property using the credit of the other spouse? While there's currently no law preventing you from using the other spouse's good credit, it's hard to know how…
Making Home Affordable Web Site Debuts
The federal government launches a new Web site today: MakingHomeAffordable.gov
The site is geared to two main groups: homeowners whose homes have lost value and cannot refinance; and homeowners who are having trouble making mortgage payments because their loans have increased interest rates or…
Foreclosures Increase 30 Percent Year Over Year In February
Foreclosure filings increased 30 percent in February, as compared with February 2008, according to RealtyTrac.
The increase of foreclosure filings, which includes default notices, auction sale notices and bank repossessions, occurred despite bans on foreclosures throughout various parts of the…
Estate Must Make Mortgage Payments, Not Heirs Of Inheritance
When you inherit property with a mortgage, paying off that mortgage loan is the responsibility of the estate, not the heirs. If the estate lacks the money to pay off the mortgage and the bank decides to foreclose, it should not negatively affect the credit histories of the heirs. While the heirs…
As you can tell, there's a lot of exciting things going on at ThinkGlink.com!
Today, we launched the new redesign of ThinkGlink.com. Sure, we've got a fancy new logo and pretty colors, but this redesign is really all about making the thousands of pieces of content easier for you to find. We have…
Home Loan Modifications Encouraged By Federal Regulators
Federal Financial Regulatory Agencies Issue Statement In Support of the “Making Home Affordable” Loan Modification Program
The federal bank, thrift, and credit union regulatory agencies encourage all federally regulated financial institutions that service or hold residential mortgage loans to…
Pay Mortgage Even If Home Is Up For Sale Or Trash Credit History
A homeowner wonders if they should continue to make mortgage payments even though their house is for sale. Ilyce answers absolutely the home owner should make mortgage payments on time, even though the house is up for sale. If the home owner does not make payments on time, the lender could put the…
Loan Modification Did Not Prevent Foreclosure In 2008
On Feb. 24, Joseph Evers, the deputy comptroller for large bank supervision at the Office of the Comptroller of the Currency, testified before the House Committee on Financial Services about mortgage performance data. The OCC and the Office of Thrift Supervision, two of the federal government's…
Arizona: Epicenter of the Housing Crisis
If you want to know why Obama picked Arizona to annouce the Homeowner Affordability and Stability Plan, take a look at these statistics that were compiled by the White House and released in a media briefing plan. (Sourcing is noted at the end of respective paragraphs.)
Arizona jobs, unemployment and…
ThinkGlink Radio Show for Feb 15, 2009
The month is half over, but we don't seem half way to a financial recovery. Not even close. Ilyce talked with Mike Rose, a mortgage banker with Bank of America about short sales and foreclosures. She discussed the stimulus package that was passed this week -- What's in it for you? Also, it was a…
The IRS has published the 2008 versions of some important Tax Publications:
Publication 523 Selling Your House Publication 544 Sale of Rental Property Publication 946 How to Depreciate Property Publication 4681 Cancelled Debts, Foreclosures, Repossions and Abandonments Publication 527 Residential…
Mike Rose, Senior Loan Officer From Bank Of America
Our guest this morning is Mike Rose, a senior loan officer with Bank of America. We're talking foreclosure, short sales, and refinancing.
Call 404-872-0750 to ask your question.
Contact Mike after the show: Office: 678-385-9371 www.mikerosemortgage.com
February 15, 2009
Today on the Ilyce Glink Show February 15, 2009
The month is half over, but we don't seem half way to a financial recovery. Not even close.
On today's show, we'll talk with Mike Rose, a mortgage banker with Bank of America about short sales and foreclosures. We'll also look more closely at the stimulus package that was passed this week -- What's…
Build Good Credit To Buy A Home
To buy a home or refinance your mortgage you have to have good credit. To build good credit you need to have good personal finance habits such as paying your bills on time. What can you do in 2009 to build good credit so you can buy a home or refinance a mortgage? Read Ilyce's personal finance…
What To Expect When Facing Foreclosure And Bankruptcy
What should you do when you've been served with foreclosure papers? What steps should you take to file for bankruptcy? The first step is talk with the mortgage lender to try to save your home and possibly avoid bankruptcy. A credit counseling agency can also help you as a homeowner before resorting…
What Happens To Tenant After Foreclosure
With the rise in foreclosures since the credit crisis, many renters or tenants find themselves directly affected. What options do tenants have if they're served with a lis pendens for foreclosure? Lenders used to evict tenants but in this housing market many landlords prefer to keep the tenants in…
