ThinkGlink Radio Show for Dec 20, 2009
Today on the Ilyce Glink show, we talked about the Census information released earlier this week, with figures on text message increases, newspaper subscription decreases, and of course, unemployment stats. Ilyce reminds listeners to get the early bird ticket specials for her March 27, 2010 event…
Buying A Car In 2009? Take Advantage Of An IRS Tax Break
Tax Deductions: If you're buying a car in 2009, be sure to take advantage of an IRS tax break that allows you to deduct the state or local sales or excise taxes you pay on the first $49,500 of the purchase price. This tax deduction may not be extended through 2010, so take advantage of the tax break…
Estate Planning Can Help Avoid Capital Gains Tax
Proper estate planning will help you avoid paying long-term capital gains tax when you sell inherited property. If your relatives plan with an attorney or tax advisor for how they would like their assets to be distributed, you can avoid paying unnecessary taxes on your inheritance and assets.
When Should You Refinance a Mortgage
Should you be thinking about refinancing? A lot of people jumped on the recent all-time low rates, but just because mortgage rates are low doesn't mean you should be refinancing. When should you think about refinancing? If you can get a low interest rate and keep a short term on your loan, it might…
Home Selling Tips: New Year's Resolutions For Home Sellers
Home sellers had it rough in 2009, and 2010 promises to be another hard year for home sellers. However, there are some home selling tips you can take to put yourself in a better home selling situation. Make it a New Year's Resolution to become a better seller and follow these home selling tips to…
8000 First Time Home Buyer Tax Credit Qualifications: Do You Qualify?
With the $8,000 first-time home buyer tax credit and the newer $6,500 trade-up buyer tax credit, a lot of people are wondering if they will qualify for any of the tax credits. If you bought a home in 2009, you might qualify for one of the home buyer tax credits. If you bought your home before…
Refinancing While Unemployed May Not Be Possible
Refinancing while you're unemployed may not be possible since lenders are requiring more documentation, and it may not be the best way to save money. If you're trying to save money while you're unemployed, refinancing is probably not the best option when you're unemployed. Closing costs will take up…
Loan Modification: 6 Things To Do If You're In Loan Modification Hell
Bank of America knows that many Americans are frustrated with the slow pace of loan modifications. The company provided six things you can do to help speed up the process. Call your servicer at off-peak times, prepare loan documentation in advance, make the trial modification payments on time…
Ilyce Glink Show Notes - December 13, 2009
; Ilyce Glink attends the JDRF 2009 Benefit and hears Crosby, Stills, and Nash perform. The ticket window is now open for our latest event: How To Invest In 2010. Renovation Costs: Cost v. Value survey from Remodeling Magazine.
ThinkGlink Radio Show for Dec 13, 2009
Today on the Ilyce Glink show, we discussed the Spring Atlanta event, "How To Invest Your Money in 2010." Visit RealWorldSeminars.com to buy tickets. Make sure you get the special earlybird pricing! Ilyce also discussed the latest economic news, including financial reform in Congress. A listener…
Does Death Of Spouse Affect Your Mortgage?
How does the death of your spouse affect your mortgage? When your spouse dies, if you are also listed on the mortgage, you are still the borrower and continue to own the home. Your spouse's death should not affect your mortgage if you are listed as a borrower or held title jointly. If you want to…
Loan Servicing Company Is Out Of Business: Where Should You Send The Monthly Mortgage Payment
What do you do when your loan servicing company stops taking calls and its website wishes you good luck? Where do you send you monthly mortgage payment? Now that many lenders have gone out of business and some servicing companies have ceased their operations, where does that leave the borrowers? The…
Energy Star Tax Credits And The First Time Home Buyer Tax Credit
Some people will benefit by buying a home in 2009 and qualifying for the $8000 first time home buyer tax credit. Others will be happy to sell their old homes and buy new ones and qualify for the $6500 repeat home buyer tax credit. Still others will buy more insulation for their homes, install solar…
Home Buying Tips and Financial Resolutions for 2010
It's that time of year again when Ilyce give you her home buying tips for the new year along with her personal financial resolutions for 2010.
$8000 First Time Home Buyer Tax Credit Qualifications Issues
The first time home buyer tax credit has been extended, but that does not mean that you qualify for the tax credit if you purchased your home in years prior to when the tax credit was enacted. To qualify for the first time home buyer tax credit or even the $6500 repeat home buyer tax credit, you…
Using a Mortgage Broker Recommended by Real Estate Agent
When you obtain a referral from our real estate agent or broker for a lender, mortgage broker, inspector or attorney, should that person owe a duty of loyalty to you or to the real estate agent? Most home sellers and home buyers would agree that the lender, mortgage broker, inspector and attorney…
Mortgage Loan Modification Hell? Here's What The Obama Administration Is Doing To Help You
The Obama Administration kicked off its nationwide campaign to help borrowers who are in the trial phase of mortgage modification get their loans converted to permanent modification status. The goal is to have at least 375,000 borrowers converted to permanent loan modification status by the end of…
Ilyce Glink Show Notes - December 6, 2009
Special tax show today. We have Merry Brodie, Bill Nemeth, and Chet Burgess from the Georgia Association of Enrolled Agents answering your tax questions. Merry, Bill and Chet each complete hundreds of tax returns each year, and Merry's company completes 10,000 tax returns each tax year. Don't forget…
Energy Tax Credits: Do I Quality for a Home Or Business Energy Tax Credit?
Tax credit release from the IRS includes information on key energy tax credit provisions in the American Recovery and Reinvestment Act of 2009) that might impact taxpayers: Residential energy Property Tax Credit; Residential Energy Efficient Property Tax Credit; Plug-In Electric Drive Vehicle Tax…
Loan Modification Help Is Questioned
With only a few of the thousands that have applied for loan modifications under the Obama Making Home Affordable Plan, some borrowers have become skeptical that lenders truly want to modify loans. Some borrowers believe that lenders are willing to take government money and run without approving loan…
Buying Land From A Neighbor And Holding It As An Investment
When is a good time to buy land? If you own land now and your neighbor offers you his or her property, would you buy it? If you have a choice between buying land and putting your money into any other investment, would it be wise to put more money into real estate? A reader has some of these…
FHA Loan Requirements Changing
The real estate market is still in crisis. FHA reserves are falling and the FHA needs for determine how to handle its loan portfolio and future loans. With the continuing high unemployment rate, more homeowners are at risk of losing their homes. With more homes going into foreclosure, FHA stands to…
Loan Refinance Options Limited On A Low Balance Loan
Interest rates are at an all time low. This might be a great time to refinance a loan. If your loan is coming due soon or it is due to adjusts in the coming months, you might consider refinancing that loan. However, just because it's a great time to refinance, you might have other difficulties in…
Mortgage Fraud Cases Continue And May Include Current Lender
If you find that documents you signed have been altered, you may be the victim of mortgage fraud. Check over all of the documents you signed and make sure the information is accurate. You should check your documents before you sign them and make sure you get copies of the documents you signed. If…
Short Sale Process Halted Due To Tax Lien
A short sale purchase can be derailed by many issues: a lender that refuses to cooperate, a seller that refuses to submit information to his or her lender, a problem with the title to the home, a contractor lien placed on the home, and even a tax lien placed on the home. Some of these issues can be…
