New Residential Construction Declines In April
The Department of Commerce announced this morning that new residential construction declined in April in terms of building permits, housing starts and housing completions.
Here are the stats:
* 494,000 building permits issued, down 3.3 percent from March, down 50.2 percent from a year earlier
…
Where Should Your Tax Dollars Go?
Real estate attorney Sam Tamkin responds to a reader who is upset by hearing about taxpayer dollars being used to help people stay in their homes.
I don't mind paying taxes for things that I can see the use for: roads, public safety, garbage collection. And I don't mind helping people who can't help…
Download The Podcasts For Ilyce Glink's Makeover Your Money Event
If you're a fan of the Ilyce Glink Show on WSB Radio, you will want to check out the podcasts from Ilyce Glink's Makeover Your Money Event.
The Makeover Your Money Event was a full day in Atlanta of sessions with Ilyce and expert panelists on topics like Debt & Credit, Financing & Foreclosure and …
Horrifying Foreclosure Numbers in April
Clearly, the foreclosure numbers for April, 2009 are horrifying. There are so many people who are receiving foreclosure notices or who are turning over their house keys to their lender in a deed-in-lieu of foreclosure transaction. The top 10 states for foreclosure (California, Nevada, Arizona…
Foreclosures Increase 24 Percent In First Quarter 2009
In the first quarter, the number of foreclosures increased 24 percent from a year earlier, reported RealtyTrac today. One in every 159 homes received a foreclosure notice in the first quarter. RealtyTrac includes bank repossessions, default notices and auction sale notices in the foreclosures it…
Foreclosure and Short Sale Discounts Weigh Down Metro Area Median Prices
First-time home buyers responding to improved affordability conditions, and lower prices of foreclosures and short sales, impacted metropolitan area median home prices in the first quarter, while existing-home sales remained sluggish in many parts of the country, according to the latest survey by…
5 Ways to Know the Real Estate Market is Improving
My mother said something interesting to me the other day. She said, "The Realtors in my office are much busier than they were two months ago. They're doing real deals."
This would be just another one of those passing comments except that my mother works for the top Baird & Warner office in downtown…
Foreclosures Increase 9 Percent In First Quarter Of 2009
The number of foreclosures increased 9 percent in the first quarter of 2009 from the last quarter of 2008. They rose nearly 24 percent from a year earlier, RealtyTrac reported recently.
In March alone, lenders foreclosed on more than 340,000 properties, up 17 percent from February and up 46 percent…
Are You Using Your 401k to Pay For Your Housing Expenses?
What happens when your luck runs out? You go into backup mode, and start working through your assets. Then, it's time to tap your retirement savings, even though your golden years may be just around the bedn. But what happens after your 401(k), 403(b), 457 retirement plan IRAs are depleted? How do…
Making Home Affordable Web Site Debuts
The federal government launches a new Web site today: MakingHomeAffordable.gov
The site is geared to two main groups: homeowners whose homes have lost value and cannot refinance; and homeowners who are having trouble making mortgage payments because their loans have increased interest rates or…
Foreclosures Increase 30 Percent Year Over Year In February
Foreclosure filings increased 30 percent in February, as compared with February 2008, according to RealtyTrac.
The increase of foreclosure filings, which includes default notices, auction sale notices and bank repossessions, occurred despite bans on foreclosures throughout various parts of the…
As you can tell, there's a lot of exciting things going on at ThinkGlink.com!
Today, we launched the new redesign of ThinkGlink.com. Sure, we've got a fancy new logo and pretty colors, but this redesign is really all about making the thousands of pieces of content easier for you to find. We have…
Home Loan Modifications Encouraged By Federal Regulators
Federal Financial Regulatory Agencies Issue Statement In Support of the “Making Home Affordable” Loan Modification Program
The federal bank, thrift, and credit union regulatory agencies encourage all federally regulated financial institutions that service or hold residential mortgage loans to…
Loan Modification Did Not Prevent Foreclosure In 2008
On Feb. 24, Joseph Evers, the deputy comptroller for large bank supervision at the Office of the Comptroller of the Currency, testified before the House Committee on Financial Services about mortgage performance data. The OCC and the Office of Thrift Supervision, two of the federal government's…
Arizona: Epicenter of the Housing Crisis
If you want to know why Obama picked Arizona to annouce the Homeowner Affordability and Stability Plan, take a look at these statistics that were compiled by the White House and released in a media briefing plan. (Sourcing is noted at the end of respective paragraphs.)
Arizona jobs, unemployment and…
The IRS has published the 2008 versions of some important Tax Publications:
Publication 523 Selling Your House Publication 544 Sale of Rental Property Publication 946 How to Depreciate Property Publication 4681 Cancelled Debts, Foreclosures, Repossions and Abandonments Publication 527 Residential…
Mike Rose, Senior Loan Officer From Bank Of America
Our guest this morning is Mike Rose, a senior loan officer with Bank of America. We're talking foreclosure, short sales, and refinancing.
Call 404-872-0750 to ask your question.
Contact Mike after the show: Office: 678-385-9371 www.mikerosemortgage.com
February 15, 2009
Today on the Ilyce Glink Show February 15, 2009
The month is half over, but we don't seem half way to a financial recovery. Not even close.
On today's show, we'll talk with Mike Rose, a mortgage banker with Bank of America about short sales and foreclosures. We'll also look more closely at the stimulus package that was passed this week -- What's…
Foreclosures Increase Whopping 81 Percent In 2008
The number of foreclosure filings in 2008 increased a dramatic 81 percent over that of 2007, announced RealtyTrac in its 2008 U.S. Foreclosure Market Report.
The report states that 3,157,806 foreclosure filings were made on 2,330,483 properties. That means that some properties were subject to…
An Update On Streamline Refinancing
On this Sunday's show, I talked about how streamline refinancings might be possible. Different lenders are considering this option, which basically allows you to lower the interest rate on your loan without doing a full refinance (or paying the costs associated with a full refinance).
The last time I…
Rapper DMX Loses Home To Foreclosure
As rapper DMX sits behind bars awaiting sentencing, looters have been allegedly pillaging his Cave Creek, Ariz., home, which was foreclosed by his lender. Reports say the home was neglected after he and his wife split.
DMX bought the home for $600,000 and it's currently on the market for $429,000…
Here's the video from my appearance on yesterday's Today Show:
Breaking News, World News, and News about the Economy
Dec. 28, 2008
If You're Behind On Your Mortgage Call These Numbers
Although there is some concern about why the Hope Now hotline hasn't helped more people, if you're in trouble with your loan, or about to be in trouble, you should call (888) 995 HOPE, which is the federal mortgage loan mitigation program.
You might also want to try going to www.hud.gov. Whether you…
Today on the Ilyce Glink Show December 14, 2008
Today on the 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 on today's Ilyce Glink Show.
Facing Foreclosure? Call a Real Estate Attorney
If you're facing foreclosure or are going through a short sale, please call a real estate attorney. You should have some profesional help to make sure that you're protected and understand what documents you're signing BEFORE you sign on the dotted line.
The Atlanta Bar Association offers a free…
