The real estate boom and bust dropped home values severely. Taking a loss on a condo might be your only option other than to wait. Q: Back in 2005, I purchased a condo with cash for my disabled son to live in. I used an inheritance to buy the condominium, which was located near my [...]
During your home closing keep a copy of mortgage lender's good faith estimate handy. For home closing tips, check out today's Real Estate Minute. Whether you’re buying or selling, you must keep a paper trail of the transaction, or you could get into big trouble. To keep your mortgage lender honest during your closing, keep [...]
Sometimes we find ourselves with a little extra cash through a tax refund, a bonus at work, or some other unexpected windfall. What are you going to do with all of that money burning a hole in your pocket? Treating yourself is sometimes nice, but there are often smarter ideas for money management. Those who [...]
You want to buy a foreclosure? Where have you been for the past five years? Foreclosures are definitely on the decline as fewer homeowners are defaulting on their mortgages. The backlogs of foreclosures that built up during the Robogate mess are largely depleted, and more and more homeowners who find themselves in financial trouble are [...]
During the housing boom, many homeowners found themselves living beyond their means as easy money skewed expectations of what they could afford. Today, being honest with the realities of the real estate market and mortgage landscape can feel like taking a step backward. So how can homeowners and renters stay within their means and aspire [...]
Ilyce Glink Show on WSB Radio: Giving real estate and personal finance advice. From quit claim deeds to seller closing costs to your investment choices and your every day decisions on money, you can rely on Ilyce to give you the best advice on real estate and personal finance. Whether you’re thinking about buying a [...]
Refinancing your mortgage? Before you refinance your mortgage, here's what to know and ask during the loan application process. Q: I enjoyed your recent column that appeared in our local paper. I've just gone through a refinancing and found myself wondering about certain questions I should have asked. The main question was whether my loan [...]
If you decide to sell your home without a real estate agent, then you should consider using a multiple listing service to sell your home. Q: I have finally had it with real estate agents and have decided to use a for sale by owner (FSBO) web service. The company offers a few different options [...]
Learning about real estate can be a long but rewarding process. Talk to a real estate agent about getting started in the real estate business. Q: What are some ways that an 18-year old individual can get started in real estate as a business? I want to learn everything I need to know about buying, [...]
Quit claim deed and mortgage responsibility don't go hand in hand. Getting your name off the mortgage is possible when refinancing. Q: I did an act of donation on my house to my ex-husband. He is going to give me a fixed payment once he refinances the home. Is there a way to get my [...]
