Federal Tax Credit For Buying Home
If you're a first time home buyer or other home buyer you may be able to take a tax credit of $7,500 to $15,000 on your home purchase, if you live there for at least two years. The original $7,500 tax credit required buyers to repay the government over 15 years, but the new one no longer requires…
Our Latest Real Estate Videos: Mortgage Loan Types
Check out our latest videos and learn more about different types of mortgage loans!
What is an Adjustable Rate Mortgage (ARM) Loan?
www.youtube.com/v/1brZktsDKWY&hl
What is an Interest Only Loan?
www.youtube.com/v/eCxbtgkStUA&hl
Jan. 7, 2008.
Today on the Clark Howard Show December 22, 2008
Today we'll talk about how more companies are figuring out different ways to cut their costs without laying off more people. Also, loan modifications are going awry. We'll talk about why and whether not is the right time to refinance. And, I have a Christmas story for you.
Join us at www.wsbradio.com…
Home Loan Tips And New Year's Resolutions 2009
The 2008 mortgage crisis increased the numbers of foreclosures and short sales in the U.S. Lenders responded by tightening rules for new home loans. If you want to buy a home in 2009, what do you need to know before looking for your home and home loan? What can you do to make yourself a desirable…
Foreclosures Rising In The Real Estate Market And Realtor Ethics
What are some ways to slow the rising number of foreclosures in the ailing real estate market, and what to do if you're questioning a realtor's ethics? Suggestions for improving the real estate market and slowing foreclosures include enforcing the Realtor Code of Ethics, encouraging prelisting home…
Expert Real Estate Tips: Multiple Listing Service (MLS)?
Whether you're a home seller or real estate agent or broker, the Multiple Listing Service (MLS) is a key tool in the sale of your house. Based on your local realty boards, the MLS lists properties for sale and can be a resource in comparable home sales for real estate agents and home sellers. Learn…
ThinkGlink Radio Show for Dec 14, 2008
Today on the Ilyce Glink Show, we're talking about real estate. It seems as though everyone has questions about what to do about their loans: should you refinance? Refinance? We'll talk about these issues as well as foreclosures, short sales and other money news. To find out more, tune into the…
Characteristics Of A Great Real Estate Agent
What makes a good real estate agent? Trust, integrity, and good communication (phone and email)! Find an agent who is a good advocate, works hard and successfully buys and sells homes. Can your agent communicate the pros and cons to you and find great deals? Watch this Expert Real Estate Tips…
Sell My House Decision In This Housing Market
If you own a home, you may be wondering, "should I sell my house?" Consider the current housing market, the credit crisis and whether it's the right time to sell your house. Other factors to consider include unfinished neighborhoods and the effect of foreclosures as well as how long one may want to…
Number of Mortgage Fraud Reports Increases By 45 Percent
Reported incidents of mortgage fraud are on the rise despite fewer loan applications, according to a report by the Mortgage Asset Research Institute. In the second quarter of 2008, reported incidents of fraud increased by 45 percent, compared with the first quarter in 2007.
Florida leads the country…
Housing Market: Sell This House High And Buy Low
With the mortgage crisis and shifting American economy you may wonder "when is the best time to sell a house?" You can't time the real estate or housing market to sell a house. One expert, a top real estate agent in Chicago, says you will likely never buy low and sell high unless you're moving to a…
ThinkGlink Radio Show for Nov 30, 2008
Today on the Ilyce Glink Show, Ilyce reviewed President-elect Obama's economic team selections and his plans to create 2.5 million jobs over the next two years. On news of more bailouts, lower consumer spending and slugging auto sales, she also reviewed shopping's big day, Black Friday, and prepared…
Filing formal complaints against real estate agents
Know your rights if you have a complaint about your real estate agent. If your real estate agent has broken a law, you can file a complaint with your state's regulatory agency, the Better Business Bureau, and the National Association of Realtors. If your real estate agent has committed a criminal…
Commercial Real Estate Liabilities After A Divorce
When you own commercial real estate with a former spouse and decide to remarry it may require clarifying the assets you hold. To resolve who's liable for paying the mortgages, it may mean signing a quit claim deed or other documents. But before signing anything about your commercial real estate…
Real Estate Investment: Waiting For The Best Deal
Homeowners in some parts of the country such as Arizona, Nevada and Florida, are learning the hard way that their real estate investments may lose value. The growing number of foreclosures and short sales makes some wonder when the real estate market will hit bottom. If you're looking to purchase…
Quit Claim Deeds And Mortgage Loan Cosigners
Can a quit claim deed be used to remove a cosigner on a mortgage? No, quit claim deeds affect property ownership interest only. Quit claim deeds will not take away responsibility for mortgage loan debt.
Subscribe to Ilyce Glink's YouTube Channel: Expert Real Estate Tips
We're going to upload videos 193 to 200 this week. If you want to be the first on your block to see what we're uploading, be sure to subscribe to my YouTube channel: Expert Real Estate Tips (www.youtube.com/expertrealestatetips).
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A divorced woman wants to make sure the property she's buying from her ex-husband does not have any outstanding liens. Liens may include mortgage loans and home equity lines of credit or HELOCs. An attorney can also help sort out whether there are any outstanding liens and ensure that the title is…
Maintain Property's Market Value In Property Swap
When you buy property at a reduced cost, will you risk lowering the market value of the property? A home owner asks about buying a property for less than what it's worth and selling his own property for a lower price. It's a good idea to work with an attorney to complete a property swap.
Does Seller Disclosure Include Homeowners Association Assessment?
When a home seller sells a property the seller must disclose hidden facts. Do these disclosures include homeowners association assessments? A buyer complains about an upcoming homeowners association assessment for street repairs and asks if he has recourse since the disclosure wasn't made.
Change Mortgage In Divorce: Quit Claim Deed Won't Work
When you divorce you may want to remove some of the names on your home's mortgage. You can't remove the name of one of the borrowers on a mortgage loan using a quit claim deed. A quit claim deed can change the names listed on a home's title but not on the mortgage. To change the names on a mortgage…
Taxes Affect Manufactured Home Refinance Decision
The owner of a manufactured home asks whether to pay off the mortgage loan or invest extra money. Since the manufactured home is a second home or investment property, the home owner should consider how his taxes will be affected. Tax software or a tax preparer before can help sort this out before…
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.
Landscaping Fence Dispute On Rental Property
When you own rental property and the neighbor to your property sets up a fence that runs over your property line you may decide to ask the neighbor to move the fence. When the neighbor chooses to ignore your request you may have to hire an attorney and take the neighbor to court. Another option is…
Transfer On Death Deed For Florida Mobile Home
Can you use a transfer on death (TOD) deed to transfer title to a mobile or manufactured home? Using a TOD deed to transfer title depends on whether you own the land on which the mobile home sits and on your state's laws. Transfer on death deeds are an easy and inexpensive way to transfer title of a…
