Bad Neighbors Fight Over Access To Yard
Neighbors can turn into bad neighbors when fighting over fences or yard access and maintenance issues. The best way to deal with a bad neighbor is usually through communication, but you may be able to get some legal help. Look up your local ordinances to see what kind of rights you're given to your…
Home Buyer Tax Credit Cut-Off Dates: Do I Qualify?
The $8000 first-time home buyer tax credit has been extended and a new $6500 trade-up buyer tax credit was expanded. Some home buyers are upset because they don't qualify for the home buyer tax credit. It's unfortunate that some people just missed the cut-off dates for the home buyer tax credit, but…
Should I Refinance My Mortgage?
Mortgage interest rates keep falling, now below 5 percent. Should you refinance your mortgage? It's more difficult to get a mortgage refinance in today's lending market, but it might be worthwhile to try to refinance your mortgage. Will it reduce your monthly mortgage payments? Will a mortgage…
Loan Modification Help: Get Some Answers From The Bank CEO
Are you in loan modification hell? Like thousands of other people, this reader has filed for a loan modification, but can't get any answers about the future of his loan modification from his lender. The banks are swamped with loan modifications and foreclosures right now, but you deserve answers…
$8000 First Time Home Buyer Tax Credit and Closing On New Construction
If you are buying a home as a first time home buyer or repeat buyer, the extended $8000 credit or the expanded $6500 credit should be of interest to you. But you need to be careful with timing. If you close too late, you might not be entitled to the credit. You must close and move into your new home…
Short Sale vs Foreclosure: Which One Can You Get To Close Faster
When you are out shopping for a home are you better off looking for a seller doing a short sale or buying a home that has been foreclosed on by the bank. In a short sale you will deal with the owner of the home but will be at the mercy of the bank but in a foreclosure, you will be dealing directly…
HUD Secretary, FHA Commissioner Report on FHA's Finance
HUD Secretary Donovan and FHA Commissioner Stevens briefed leaders on the FHA's financial outlook today, in coordination with the release of its annual independent actuarial study. The study found the capital reserve ratio to be 0.53 percent of total insurance in force this year, well below the…
ThinkGlink Radio Show for Nov 9, 2009
Today on the Ilyce Glink Show, Ilyce recapped one of the biggest weeks we have seen in at least a year as far as financial news is concerned: new unemployment figures were released, Fannie Mae announced its Deeds for Lease program, the House of Representatives passed a health care reform bill and…
Ilyce Glink Show Notes - November 8, 2009
Big news week: $8,000 first time home buyer tax credit was expanded to include trade-up buyers, and extended until June 30, 2010; Unemployment numbers are out and awful: Nationally, unemployment rose to 10.2 percent, 17.5 percent if you include a broader measure of unemployment; Fannie Mae…
Jobs, Foreclosures, The Stock Market And More Thoughts About Our Wacky World
If we don't have jobs, it's awfully hard to pay a mortgage. More foreclosures may be on the way, according to the one person who I knew correctly called the financial meltdown.
Fannie Mae Deed For Lease Program Rules
Fannie Mae announced an innovative program designed to help homeowners avoid foreclosure. Called Deed for Lease, the program allows struggling homeowners who are unable to qualify for a loan modification under the current Obama Loan Modification Plan to hand their keys over to Fannie Mae, but then…
Divorce Decree May Require Ex-Spouse To Refinance Mortgage
The current economic situation may cause a conflict between what a divorce decree requires and what a person is able to do. When the divorce decree requires an ex-spouse to refinance a property to remove the other ex-spouse from the mortgage but the financial condition of the person owning the home…
Divorce Decree vs. Quit Claim Deed
You get divorced. You refinance your home. Your ex-spouse gives you a quit claim deed. End of story? Not so, says this reader whose ex-spouse wants half of the proceeds from the sale of the home 13 years after the quit claim deed and and 14 years after the divorce. Does the divorce decree trump the…
No Health Insurance Leaves Wife with Husband's Medical Bills And In Need Of Help
No health insurance coverage can saddle anybody with debts beyond any means of repayment. But when a loved on dies and leaves those medical debts, spouses and family members are left to pick up the pieces. Proper estate planning is a must to make sure debts can be paid after debt and that property…
$8000 First Time Home Buyer Tax Credit Extended and Expanded: Questions and Answers
UPDATE: (11/9/09) The new $6,500 tax credit for trade up buyers is effective as of the day the bill was signed, November 6, 2009, according to Sen. Isakson's office.
With the extension and expansion of the $8000 first time home buyer tax credit, lots of our readers are happy. But some are rather…
Low Appraisal Caused By Declining Home Values Results In Change To Loan Refinance Terms
If you apply to refinance your loan and get quoted terms, can you force the lender to abide by those terms? What if your property received a low appraisal? What if declining home values caused your home value to drop below what you owe on your current mortgage? And what if you decide not to go…
Ilyce Glink Show Notes - November 1, 2009
How has the credit crisis and recession changed you and your spending habits? I want to hear from you. Free books and ebook deal. This week, our latest ebooks, on investing in real estate, will be released on ThinkGlink.com as will our podcasts from our How to Profit From Foreclosures event. Sign up…
Chapter 7 Bankruptcy Still Affects Credit History After Seven Years
Chapter 7 bankruptcy still affects a buyer's credit history even after seven years from the date the bankruptcy was filed.
$8,000 First Time Home Buyer Tax Credit To Be Extended and Expanded
First time home buyers and others can celebrate soon. There's movement to extend and expand the first time home buyer tax credit. But wait, there's more. The new and improved home buyer's tax credit will be expanded to include higher income earners and existing home owners. The fragile real estate…
Winterize Your Home And Get A Tax Credit
The IRS has advised taxpayers that the Expanded Recovery Act Tax Credit will help homeowners winterize their homes so they can save energy and save money at the same time. But the IRS cautions homeowners to check the tax credit certification before they buy winterizing tools.
$8,000 Tax Credit Extension and Expansion Details
as of October 29, 2009. Here are the details of the proposed amendment to extend and expand the $8,000 first-time home buyer tax credit.
The White House supports three pro-housing measures including the extension and expansion of the $8,000 tax credit, continuing an expansion of the loan limits, and support for the Housing Trust Fund. These pro-housing measures were announced by Treasury Secretary Tim Geithner and HUD Secretary Shaun…
Taylor Bean and Whitaker Trouble: Continued Mortgage Bankruptcy Hearing Update
Mortgage borrowers are scrambling for answers as their funds have been frozen; What do you do if you receive letters from two different mortgage servicing companies claiming that each one of them is going to service your Taylor Bean and Whitaker loan? We've received an update and past court…
Hermain Cain Show Notes - October 21, 2009
Herman Cain Show Notes - October 21, 2009 Ilyce fills in for Herman Cain tonight. She offered listeners a 25% discount off of tickets to the HOW TO PROFIT FROM FORECLOSURES EVENT.
Loan Modification Help: Why Lenders Are Slow To Provide Loan Modifications
Millions of Americans have applied with their banks to obtain a loan modification. They desperately need loan modification help. The loan modification process is taking an extremely long time. Now homeowners want to know how they can get a loan modification -- whether under the Obama Making Home…
