Here’s what we talked about on today’s Ilyce Glink Show:

Unemployment numbers up and down, but new jobs are elusive

Seven million jobs have been lost since 2007. Banks have recorded more than $1.6 trillion in losses and write downs. While President Obama says the economy is going to start growing again, he is leaving it to Ben Bernanke to decide officially when the recessioni s over.

My problem is that I don’t think the official “end” of the recession is going to make everything feel better anytime soon for folks who live on Main Street. Until the unemployment numbers start to come down, it’s going to feel extremely pressured for everyone. President Obama says the country won’t see substantial job growth until late 2010 – at the earliest.

Unemployment number highlights (or low points):

Michigan’s unemployment rate 15.2 percent;

Nevada: 13.2 percent;

Rhode Island: 12.8 percent;

California and Oregon: 12.2 percent.

Forty-two states lost jobs last month, up from 29 in July. Biggest net payroll cuts were in Texas, Michigan, Georgia and Ohio. Georgia’s unemployment rate fell slightly to 10.2 percent (from 10.3 percent in July), but the state Labor Dept. said that the report should not be read as a sign that the labor market has been improving.

The unemployment calculator does not include anyone who goes back to school, stays home with kids, or becomes too discouraged to look. It also doesn’t include anyone who took a part-time job because they took a full-time job, or independent contractors who are essentially running their own shops (with or without jobs) without the benefits.

Read More: When Should I Make My Mortgage Prepayment?

We had a caller to the show who wanted to know when is the smartest time to make a mortgage prepayment. Take a look at these stories:

Prepaying Your Mortgage With Low Interest Rates

Prepaying Mortgage More Beneficial on Long-Term Loan

Prepaying Mortgage Right for Some

Prepaying Mortgage loan

There are more than 40 articles up on the site about prepaying your mortgage. Go to the SEARCH box and type in “prepaying mortgage” and you can read to your heart’s content.

How to Profit From Foreclosures

Holly called the show to find out how she can allow some of her employees to profit with the next commercial property she buys. I suggested she join me on October 24, 2009 for our next event, How to Profit From Foreclosures.

Holly, and other folks interested in investing in real estate, might want to start a separate LLC for a new commercial real estate purchase, and give selected employees the opportunity to be come limited members of the corporation while Holly would be the managing partner. (For more details on limited liability companies, simply go to the SEARCH box and type in “LLC” and up will pop hundreds of stories that discuss LLCs and how investors use them.”

The Georgia Association of Enrolled Agents will be at our Foreclosure event on October 24th, and will be happy to answer questions about how this might work, what are the pros and cons of such a move, and how you’d have to report it to the IRS.

There may also be other options for Holly, such as simply setting up a profit-sharing plan. But that’s what this day is all about. If you’re interested in buying foreclosures to live in or invest in, you’ll want to meet our experts and have them answer all of your real estate investing questions.

The current discount code crystal entitles you to 40 percent off the ticket price. But be sure to buy your ticket price soon, as this discount won’t last long. (And, space is going fast!)

Buy Your Ticket NOW:

Click on the ThinkGlink Events button on any page or go directly to our EVENTS PAGE.

Georgia Home Buyer Tax Credit

Here’s the link for two stories on various states that have created tax credits to complement the federal $8,000 first-time home buyer tax credit (which is currently scheduled to end on November 30, 2009):

Georgia Joins The Ranks of States Offering Tax Credits

State Tax Credits and Incentives for Home Buyers Please note that California’s tax credits for new construction have ended.

Free Books and Ebook Deal

I still have copies of my book 50 Simple Steps You Can Take to Disaster-Proof Your Finances and The REALLY Useful Guide to Working Smarter Not Harder available to you.

Go to the Store and check out our FREE PAPERBACK BOOK page. You pay the shipping and we’ll send you books for free.

We have a free ebook offer: Buy 3 get 1 free. Just go to the Store and type in the discount code: freeebook

Here’s how it works: You pick out the three ebooks you want. Put in the discount code, and we’ll take one ebook off your bill automatically. You’ll get 3 ebooks for the price of 2 ebooks! Great deal.

Taylor Bean Whitaker Mortgage Company Update

We’re continuing to follow what’s happening with Taylor Bean Whitaker. We’re using YOUR comments as the basis for our reporting, so please keep the comments coming.

Here are some links to get you going. For the latest, type “taylor bean” into our SEARCH box at the top of each page and then search by story date:

Taylor Bean Whitaker Latest Update – September 18, 2009

Taylor Bean & Whitaker Mortgage Company Update – September 10, 2009

Taylor Bean & Whitaker Mortgage company Update September 1 2009

Taylor Bean and Whitaker Mortgage company Hotline Information for Borrowers

Taylor Bean Whitaker Mortgage Company Customer Advice From Freddie Mac

Taylor Bean and Whitaker, Colonial Bank, Bank of America Update – August 31, 2009

Taylor Bean Whitaker Mortgage Company Update

Taylor Bean Whitaker Mortgage Company Customer Advice From Cenlar Article Subscription Service

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