Condo Owner Shares Building With Renters
More and more condo owners find themselves in a situation where they're sharing a building with renters. In some cases, developers convert apartments into condos and in years past they could sell the units. Selling condos has become more difficult during the credit crisis. What can a condo owner do…
A homeowner who went into foreclosure a few years ago is paying a private mortgage insurance (PMI) claim as part of a forbearance agreement with a new lender. Homeowners who purchase property and obtain a loan that exceeds 80 percent of the purchase value must pay for PMI, which protects the lender…
Consider Renting If You Can't Sell Home
If you're trying to sell your old home to buy a new one but can't, you may want to rent a second home until the real estate market improves. Instead of struggling to pay two mortgages on a primary residence and second home, consider renting the second home. Save up money for a new home purchase…
Love Salads? The Oxo Salad Chopper & Bowl
Love Salads? Check out the new Oxo Salad Chopper & Bowl! Learn how to make restaurant quality chopped salad at home with the Oxo Salad Chopper and Bowl. For more information from the International Housewares Show watch this Expert Real Estate Tips segment.
Homeowners Association Disapproves Of Replacement Windows
A condo owner recently installed replacement windows and his homeowners association notified him that he broke the homeowners association covenant. The replacement windows are similar to his neighbors' windows. Ilyce says he may have to pay a fine or contact a real estate attorney.
ThinkGlink Radio Show for Nov 2, 2008
Today on the Ilyce Glink show, Ilyce invited noted condominium association attorney George Nowack to spend some time on the show discussing some of the issues facing homeowners and homeowner associations during the current housing crisis. Nowack, a partner with the Atlanta law firm of Weissman…
Buying Homeowners Insurance For Vacant House
A sibling asks about having a brother move into his widowed mother's now vacant home to facilitate buying homeowners insurance. The family plans for the brother to buy the home but he can't afford it until he receives his share of the estate. It's a good idea to have the brother move into the home…
If You Live In Illinois, And Some Other States, Get Up To $7,500 to Prevent Foreclosure
This crossed my email inbox this morning. If you're on the verge of foreclosure, this program might help with cash that can be used to help you recover from a temporary financial setback.
HOUSTON (October 8, 2008) Money Management International (MMI), the nation's largest nonprofit credit and debt…
Yesterday, Ilyce talked to WGN about Countrywide and Bank of America. She talked about negative amortization loans and what borrowers can do if they have a BOA or Countrywide loan.
Listen here: wgnradio.com/index.php?option=com_content&task=view&id=45187&Itemid=99999999
Check out the YouTube channel…
How To Sell Your House In 5 Days
I just gave out the information for this book on the air:
"How to Sell Your Home in 5 Days" by Bill Effros (Workman Publishing, $15.95, but probably cheaper online. Try Amazon.com.)
Aug. 10, 2008
Interior Design For Small Spaces
requires extra thought and care says architect Sarah Susanka. Interior design for small spaces takes a different kind of effort than that for big spaces. Small house design should include thinking about the facade of the house.
Learn about designing a garden based on your landscape. Author Sarah Susanka describes how to incorporate natural features into landscape design. Landscape design means envisioning your view as your building and designing your home. Landscape design allows your land to dictate the garden design.
'Extreme Makeover' Home Foreclosure
Homeowners in Atlanta's Lake City area may soon lose their home to foreclosure.
They were among the first to get their home remodeled on the TV show "Extreme Makeover: Home Edition," according to Atlanta area media.
Apparently they took out a $450,000 mortgage on the 5,500 square foot home to finance…
Homeowner's Insurance Doesn't Cover Foundation Issues, Seller Liable?
A homeowner asks about foundation cracks that his insurance doesn't cover and whether the seller should be forced to fix them. Can the seller be liable because he did not reveal the foundation cracks in seller disclosure upon selling the house? Or will the homeowner have to pay to repair the…
Electrical Panel Or Circuit Breaker Home Inspection
Make sure your electrical panel or circuit breaker is included in your home inspection. What should you look for when inspecting an electrical panel or circuit breaker? Learn what catches a home inspector's eye when he's inspecting an electrical panel or circuit breaker in your home. You shouldn't…
Home Automation System From Z-Wave
Z-Wave's home automation system works with more than 170 manufacturers so you have flexibility. You can start small and use Z-Wave's home automation system to control your garage and light switches. Z-Wave's home automation system lets you control your home remotely.
Whirlpool Energy Star Refrigerator
Whirlpool's Central Park refrigerator received an Energy Star rating. The Whirlpool Energy Star refrigerator lets you charge your iPod, watch digital pictures and more with attachments. Watch our video on this Whirlpool Energy Star refrigerator. A Whirlpool Energy Star refrigerator uses less energy…
Save Energy with Philips LCD TV
Philips' John Morog describes how Philips 42 inch LCD TV saves energy using a light sensor. The Philips LCD TV uses less power and saves energy depending upon the light in the room. Learn about the power saving light sensor that helps you save energy with this Philips LCD TV.
Lutron: New Way To Control Light Fixtures
Save money, energy and be safe in your home when you try this new way to control light fixtures. You can control your light fixtures using Lutron's radio frequency technology. Melissa Andresko shows you how to control your light fixtures using Lutron technology.
Jazz Singer Anderson Faces Foreclosure
Ernestine Anderson, a renowned jazz singer, is apparently behind in payments on her Seattle home, reports the Associated Press. She has missed more than $30,000 in payments. Anderson owes $450,000 on the home, which used to belong to her parents. The home is located in a ZIP code where more than 200…
Seller Disclosure May Not Include Water Damage
When you buy a home the seller is supposed to tell you certain things under seller disclosure - items that may not be visible to the naked eye. Does this include a home's proclivity to water damage? Whether seller disclosure requires a seller to discuss water damage depends on the state where the…
Beware Of Those Who Promise To Save Your Home From Foreclosure
The Department of Justice today announced that eight people were indicted for $35 million of mortgage fraud in Maryland.
You can likely find their names on other sites. I won't list them out here. What's more important is to understand what they allegedly did so that if you're facing foreclosure you…
Home Loans, Homeowners Insurance And Home Inspections
If you're looking for zero down mortgage but don't qualify for a VA loan, you could look into the USDA Rural Development Guarantee Loan Program. When shopping for homeowners insurance, be sure to look at more than price because you may miss out on extra coverage that could save you money in the long…
Numbers of Foreclosures and Delinquent Loans Increase
Home owners missed payments on almost 6.5 percent of home loans on one to four unit residential properties during the first quarter of 2008. Almost 2.5 percent of all home loans were in foreclosure during the same quarter, according to the Mortgage Bankers Association.
Both delinquencies and…
As Ilyce just discussed on the Clark Howard Show -
Home prices fell 14 percent in the first quarter according to the the Standard and Poor's Shiller Home Price Indexes announced today. This was the largest drop in the 20-year history of the indexes. They fell 6.7 percent from the fourth quarter of…
