Mortgage lenders that service home loans have their own take on the financial, mortgage and credit crisis and have their own problems also. Q: I think you should consider the cost incurred in servicing delinquent loans before declaring that lenders profit from servicing them. Most servicers of mortgage loans must remit payments to the investor [...]
Phil Ponce of "Chicago Tonight" interviews Ilyce Glink about real estate advice and refinancing in the new year. With Terry Savage. I recently had the opportunity to appear on "Chicago Tonight," alongside personal finance expert Terry Savage, to discuss ways consumers can beat the post-holiday financial blues. I gave viewers real estate advice for the [...]
When you pay off your mortgage loan in full, your lender is required to return any tax and insurance mortgage escrow money back to you. Q: I hope you can help me with this question. I have been searching the Internet and reading as much as I can on The Dodd-Frank Act and cannot find [...]
We kickoff the fourth quarter earnings season for 2011. The Dow had an up and down week and the euro crisis continues - all of which will affect coming fourth quarter earnings season reports. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show January 15, 2012 [...]
Even if lender sends you letter asking you to call and modify your loan, you may not get any help. You may need to file a complaint. Q: I am trying to help my brother-in-law restructure his loan but the lender won’t call us back even after sending us as letter stating they were more [...]
Refinancing these days can be hard, but trying to refinance or get financing for two adjacent properties used as one can be difficult. Q: We have owned our home for about 23 years. About five years ago, with two young kids, we needed to expand our living space. We couldn’t add on to our home, [...]
Some lenders are harder to get to approve a short sale. If you are having trouble, here are some ways to get your short sale approved. Q: I own a home, but I bought another home with my boyfriend. I listed the home I owned with an agent about three years ago and that’s when [...]
In a divorce, if one spouse will keep the home, the other spouse should quit claim deed the home before you refinance the loans on the home. Q: In 2008, as part of my divorce decree and to pay off my ex-spouse, I applied for a “no fee” low interest rate, home equity line of [...]
Unless you’re a sole proprietor, your business probably relies on certain individuals to run it effectively and efficiently. Employees might like to think they are all equally valuable, but certain employees can be more important to a business’s bottom line than others—and without those individuals, the business could suffer. If you are a business owner, [...]
