If your home value has declined and you don't want to pay your mortgage anymore, try to sell your home in a short sale. Q: I am single and live in a home in Clayton County, Georgia. I’ve owned the home for 16 years and owe $115,000 on two mortgages. The neighborhood has really gone [...]
Before finalizing your travel plans and dishing out the dough for the perfect getaway, you might want to consider a travel insurance policy to protect your prepaid, nonrefundable expenses. While your vacation will hopefully be restful, remember that flights can be delayed, tours can be cancelled, family members can get sick, and luggage can go [...]
Getting your name off a mortgage after a divorce requires a properly drafted loan modification by the lender to release you from the loan. Q: My ex-spouse and I own two houses. The separation agreement spells out that I am to be taken off the title to those properties. The two house loans together total [...]
If you're renting out on an owner-occupied mortgage you have a lower risk of failure than renting a property through investor real estate loans. Q: I have a question about renting a second home that has a mortgage that states "you cannot rent this property." Here's the story. About two years ago I bought a [...]
Are you afraid you’ll never save enough money to retire? If so, you’re not alone. According to the 2013 Retirement Confidence Survey (RCS), published by the Employee Benefit Research Institute (EBRI), 28 percent of workers are not at all confident they’ll ever have enough retirement savings to leave the workforce. Retirement confidence reached a record [...]
We’ve all heard hundreds of times that the real estate market is getting better, but things are still tough for many homeowners. According to a recent CoreLogic report, there were 55,000 foreclosures completed in March; that’s two times more homes lost to foreclosure than before the crisis. If you’re a homeowner who is struggling to [...]
When redecorating your home, it’s important to remember the outside as well as the inside. Upgrading your outdoor space can make your home a more enjoyable space for both you and potential buyers—especially during summer months. “It’s useless to have a beautiful home inside and a mess outside,” says Jessica Yonker, editor of HGTVGardens.com and [...]
