Many of the callers into my radio show express frustration at their inability to get out of debt. Unemployment, high gas prices and a stagnant housing market are keeping many Main Street Americans treading water. In response to these hardships, Wells Fargo announced its 36th free Home Preservation Workshop in Chicago on August 17-18, 2011. [...]
Are We Really Out of the Recession? on the Ilyce Glink Show August 7, 2011: Welcome to the worst week of financial news since 2009. Let's dive right in shall we? Among the week's highlights that callers dial-in to discuss with me: It was the worst week for the stock market since the financial crisis [...]
Q: My dad and my mom bought a house with a mortgage. My mom died, and my dad married my stepmom. They took out a second loan on the property, but then separated for awhile. During that period of time, my stepmom had my dad’s name removed from the second mortgage. The primary loan is [...]
Q: I was listening to you on the radio and I believe I heard you mention that FHA was now participating in something called the UP program, which you said was forbearance on mortgage payments if you are unemployed. Additionally, you said that Fannie Mae and Freddie Mac should be following suit and requiring their [...]
Our neighbors recently put their home on the market. They received an excellent offer within 24 hours of listing the property and got more money for their home than I thought they could. Meanwhile, two other neighbors have had their homes listed for a lot longer and don’t have any offers. What did these neighbors [...]
Q: My sister owns a rental property in California that had approximately $200,000 in equity. She owes $200,000 on the mortgage. This property is now valued only at about $250,000. She also has a mortgage on her primary residence nearby. She wants to give me the rental property which will become my primary home. I [...]
Q: When I was married, my wife and I signed a loan to buy a home. We got divorced, but she was awarded the house in the divorce agreement and stayed in the property for a few years after our marriage was finished. I had to sign a quit claim deed and in the divorce [...]
Q: I have been caught up in a real estate nightmare. I purchased a single family home earlier this year. Last month I discovered that I was conveyed two lots instead of one. I talked to people at the tax assessor’s office and they confirmed that several years back, a prior owner took the two [...]
Prepare Your Real Estate Investing Exit Strategy Before You Buy By Andy Heller There’s no denying it: We’re in the middle of a crazy real estate market. While there are still many different ways investors can make money in real estate, my strongest recommendation is to pick a strategy that allows for long-term wealth building [...]
What Your Grown Children Need to Know about Auto and Property Insurance By Linda Rey Empty nester? Congratulations! You’ve done your job. You raised your children, and now they are going to start a new life away from home. But be aware that this situation creates a whole new dynamic on how to properly protect [...]
