If you don't qualify for refinance, you may be stuck with the property - a strategic default on rental property will lead to foreclosure. Q: My question is regarding a strategic default on a rental property. As with almost all homes, my townhome is underwater by approximately $100,000. I live in Maryland and my wife [...]
Live at the WSB Care-a-Thon 2012 raising cash with Walter Reeves, author of the Georgia Gardener's Guide, to help fund family support services, research and the fellowship program at the Aflac Cancer Center. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show July 26, 2012 on [...]
Summer is here and so are adventures in the great outdoors—jetting around the lake in a boat or flying over hills on a dirt bike. Driving through open terrain on an ATV may be fun, but the truth is that accidents happen on all types of recreational vehicles and vessels, causing hundreds of deaths, thousands [...]
Flooding causes billions of dollars in damage annually—last year it was nearly $8.5 billion—yet only 14 percent of homeowners have flood insurance, according to the Insurance Information Institute. Flood damage can happen suddenly, whether it’s from a hurricane, a heavy storm, or rising river water. Last month, torrential rains flooded parts of Minnesota and Wisconsin, forcing [...]
The advancement of technology is providing the opportunity for many parents to work from home. From more traditional jobs that allow telecommuting to full-fledged home businesses, an increasing number of parents are finding it possible to earn money without needing to go into an office to do so. While working from home sounds good in theory, [...]
Moving can be fun—or stressful. Yeah, usually it’s stressful. In fact, during our first few years of marriage, my husband and I moved our residence three times and my office two or three more times. My husband said that if I wanted to move again, I could count him out (or something like that…). But we [...]
Everyone knows that saving money is important, whether it’s for retirement, for emergencies, or just for a rainy day. But if we don’t know why we’re saving money or what we’re saving for, savings strategies become increasingly ineffective. It’s easy to raid your savings when you need extra cash if the money is sitting there without purpose. “A lot [...]
Think before you buy into the housing market. Investment in property is more attractive than ever due to low mortgage loan interest rates and decreased home value - but you have to be careful. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show July 22, 2012 [...]
Ilyce filled in for Mike McConnell Tuesday morning on WGN Radio 720, where she talked politics, Mitt Romney’s slam on Chicago, the effect of the drought on corn and on the economy and answers your questions about the housing market and refinance. In the first hour, Ilyce defends "Chicago-style" after Romney slammed the city’s culture [...]
There are less underwater mortgages than last year, but foreclosures are still rising as the housing market struggles to regain lost equity. There was good news and not so good news about foreclosures this week. According to the latest numbers from RealtyTrac, a total of 1,045,801 U.S. properties experienced a foreclosure filing — including default [...]
