$8,000 First Time Home Buyer Tax Credit And Living Abroad
The first time home buyer has restrictions on income. The first time home buyer tax credit requires you to live in the home for 3 years. Also, you can't have owned a home for the last 36 months. In addition, the first time home buyer tax credit has restrictions on who can sell you the home. There…
$8,000 First Time Home Buyer Tax Credit: Buying A Partially Inherited Home
The first time home buyer has restrictions on income. The first time home buyer tax credit requires you to live in the home for 3 years. Also, you can't have owned a home for the last 36 months. In addition, the first time home buyer tax credit has restrictions on who can sell you the home. If you…
Contractor's Liens and Foreclosures
Worried about contractor's liens? When you buy a foreclosure, check to see if there are any contractor's liens against the property that have survived the foreclosure. Often, the lender will wipe out all other subordinate liens, including contractor's liens, in the foreclosure process. But in some…
$8,000 First-Time Home Buyer Tax Credit Being Used Illegally? You Betcha!
An estimated 1 million people have filed for the tax credit, but the IRS says as many as 100,000 or more of these are questionable. Tax investigators have opened up fraud investigations, to see if the $8,000 first-time home…
Ilyce Glink Show Notes - October 11, 2009
How to Profit from Foreclosures and Free EBOOKS, GDP, Budgeting, Saving Money, Unemployment Numbers. Great real estate advice and personal finance advice from the show!
ThinkGlink Radio Show for Oct 18, 2009
Today on the Ilyce Glink Show, we discussed the failure of almost 100 banks so far this year. As the FDIC shuts down more banks, the stock market is starting to perk up, having crossed the 10,000 mark. How does this economic news affect you. We also took questions from callers and Ilyce gave a…
Ilyce Glink Show Notes - October 18, 2009
FDIC shuts down the 99th bank this year; FREE BOOKS and EBOOK DEAL; How to Profit from Foreclosures; Herman Cain show.
Before a divorce, spouses frequently spend hours negotiating the details of each item they own, but they frequently neglect the single biggest asset they own together: their home. The best course of action at the time of a divorce is to require the spouse that is going to retain the home to…
Second Home Loan Modification Is Denied By Lender
More and more people are finding that they have fallen into a trap. They bought a second home or moved to get a job and left their primary home, now when they call their lender to request a loan modification, the lender refuses to give them a loan modification because the home is no longer a primary…
Foreclosure Relief and a Reduction in Unemployment Go Hand In Hand
Foreclosure relief is needed to stem the rise but the unemployment rate needs to go down to allow people to earn money to pay their mortgages. Recent statistics may be getting less worse but the economy is still shedding jobs and there are increasing numbers of foreclosures. Eventually the numbers…
LLC vs Corporation: Can You Do Without Either
When it comes to choosing how to hold your real estate investments, you can choose from many options. The most popular options are using an LLC to own real estate or a corporation. Some decide that they would prefer to hold title to their real estate investments in their own name. Is it wise to own…
Why Buy Title Insurance On a House When You Pay Cash For the Home
If you are making the largest investment of your life, wouldn't you want to make sure you are protected by obtaining and buying title insurance? When you buy title insurance on a house, a title company gives you certain guarantees that you are the rightful owner of the home and certain other title…
Real Estate Buyers as Prospects
How do you know when real estate buyers become prospective buyers for your home? Does something magical occur when a specific real estate buyer knows your home or house is for sale? If you have your home listed for sale, does the listing broker keep count of prospective buyers so that you know who…
Foreclosure Numbers Are Dreadful In Q3 2009
Hard to imagine that the foreclosure numbers could get any worse, but the Q3 2009 numbers stunk to high heaven. Two-thirds of the foreclosures in the U.S. are concentrated in the top 10 states, but that won't make homeowners feel any better. Foreclosures are job-driven, and while the unemployment…
Taylor Bean and Whitaker: Answers for Taylor Bean and Whitaker Customers
Taylor Bean and Whitaker: From reader comments and questions, we have some answers for Taylor Bean and Whitaker customers. Dealing with the failed mortgage servicer has been frustrating for customers who are concerned about the state of their mortgage loan. Most answers won't come until after the…
Gift Tax Limits And The Purchase Of A Home
If you are a parent and want to assist your child in the purchase of a home, you may want to give your kid a gift. But if that gift consists in the entire value of the home, you may have gift tax limits and federal gift tax consequences to deal with.
While you should still be able to give the gift…
Refinancing An Interest Only Loan
If you have an interest only loan, it may be a good time to refinance the mortgage loan. You will owe the same amount today on your Interest only loan as you will in ten years. On an interest only loan you never pay down the principal balance. If the interest on your loan is high, you should…
More Reasons Why Your House Won't Sell
If you are getting the showings, but your house won't sell, what should you do. Make sure that you understand the listing price of your home and that it is competitive with other homes. Make sure that the condition of your home is in as good a shape as possible. While you can't change the location…
$8,000 First Time Home Buyer Tax Credit and Nonresident Aliens
The $8,000 first time home buyer tax credit is quite popular these days and everybody that might qualify for it wants to qualify for it. But there are strict rules relating to who can qualify for the $8,000 first time home buyer tax credit. If you are a nonresident alien you do not qualify for the…
S Corporation vs LLC: Tax Consequences For S Corp and LLC
More and more real estate investors are using LLCs to hold their properties. Some still prefer using S corporations but most accountants today recommend that their clients use LLCs or limited liability companies.
Mortgage Problems Can Lead To HELOC Foreclosure
Many borrowers have two loans on their property: one loan is with a first lender and the second loan is with a home equity line of credit lender (HELOC). In some cases the loan may not be a HELOC, but rather a second loan. In any case, if you are having mortgage problems or mortgage troubles and…
Reverse Mortgage Threatening Home Equity For Seniors
Senior's Home Equity may be at risk from reverse mortgage lending abusers, according to a report from the National Consumer Law Center. Reverse mortgages are being used by abusers of the subprime mortgage market as “tools” to profit from seniors. The National Consumer Law Center thinks that if…
Taylor Bean & Whitaker Customers Using ‘Equity Accelerator’ Program
Taylor Bean & Whitaker Update: October 7, 2009 -- For Taylor Bean & Whitaker customers who have been having trouble with their escrow payments and a program called Equity Accelerator we have an update on how to handle your payments with Taylor Bean & Whitaker. Below we have tips from the…
Faulty Smoke Detectors - How to Get The Smoke Detector To Stop Beeping
: Why does it always happen at 1:45 a.m. on a night where you went to bed early and were trying to get a solid night's sleep. Smoke detectors need batteries every year, but they the unit itself goes bad every 3 to 5 years. Ours is 5 years, 10 months old.
Ilyce Glink Show Notes - October 4, 2009
; Atlanta Flood update; September job cuts and unemployment rate rises; Moving to Montana; Section 8 real estate investing; how to find an estate attorney; HUD-certified housing counselors and Net Present Value (NPV) calculations and why people can't get loan modifications; FREE BOOKS and EBOOK…
