Sunday 9/7/08 on the Ilyce Glink Show

Today on the Ilyce Glink Show, we discussed the Federal Government’s takeover of secondary mortgage market giants Fannie Mae and Freddie Mac. We took calls from listeners like Cathy, who are wondering if the takeover will have an impact on their house closings in the coming weeks.

Here’s the answer: No. If anything, the takeover of Fannie Mae and Freddie Mac should help get the mortgage market moving again as international investors regain confidence in the U.S. mortgage market.

We also took calls from Bob about how he should put money away for his grandchild (who would be the first person in the family to go to college), and from Chris, a real estate broker for 30 years who is incensed about what has happened to the real estate market and Fannie Mae and Freddie Mac.

We also answered questions about how to encourage an ex-spouse to refinance a loan after a divorce, whether you should stay in the stock market if you’re in retirement, and other investment questions.

Shannon wanted to know how to best position her house for sale. The answer: Stage your house. I’ve got a bunch of great staging videos up at my YouTube channel: ExpertRealEstateTips.

Sept. 7, 2008.

Here’s one video to get you going: