If a lender has a judgment against you, you can try to settle that debt before the lender garnishes wages or finds and gets your assets. Q: My sister and I purchased a boat slip several years ago, which we could not afford to keep. Our lender has just filed judgment papers. We are at [...]
Loan Modification Hell May Lead To Class Action Lawsuits. A Federal Appeal court in Chicago seems willing to allow the case to move forward. Q: I was listening to your radio show recently when a gentleman called in to talk about his loan modification situation. The man has a family, became unemployed and got behind [...]
We have come so far with the stock market. This week, the NASDAQ hits 3000, but what about homeowners? The NAR Home Affordability Index may finally have some good news. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show March 18, 2012 on WSB Radio. This [...]
HUD approved housing counseling agencies are set to receive more than $40 million in grant money, designed to help families find housing and avoid foreclosure. The housing industry is getting another boost from the feds, this time in the form of counseling grants. The Department of Housing and Urban Development (HUD) announced Friday the availability [...]
When selling a home in an unfavorable market, it can be hard to face some facts. Most likely, your home will not command the price you want. It might be hard to cut your losses and move on. And you may find you have more emotional ties to selling your home than logical ones. Such [...]
According to Freddie Mac's latest survey, mortgage interest rates increased this week on positive employment numbers and higher bond yields. Mortgage interest rates rose across the board, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) released Thursday. Despite the increase, rates remain low overall. The average 30-year fixed-rate mortgage (FRM) has seen mortgage interest [...]
Owning a car is expensive. In addition to maintenance, parking, and gasoline, drivers are required to pay for car insurance—it’s mandated by law, and it could save you a lot of money if you end up in an accident. Even so, an auto insurance policy is an expense most drivers wish they could do without. [...]
“I got my tax refund before you did!” Do you have friends that say that to you? Isn’t it annoying? By now, a lot of your friends have probably already gotten their refunds or have finished filing their taxes. But there are still others dragging out filing taxes, just like you. Do you want to [...]
Sell a home in a short sale. You may have to pay taxes on the sale even if you lost money and may receive an IRS form 1099c Q: I formerly financed a property in Denver, Colorado that successfully underwent a short sale last year. I lived in the property from 2005 to 2008 and [...]
Is the housing news we’re getting good? That’s the question the New York Times asked in an editorial this week. And if you look at some of the press releases that have been issued recently, you might think that the housing market has indeed turned the corner. The National Association of Realtors announced that pending [...]
