Q: A friend told me that her employer mistakenly overpaid her in 2010, so they set up a payroll deduction for her to repay the money. Accounting mistakenly keyed in $500 instead of the $50-putting her in a financial hole, as her rent check then bounced. Now she is facing penalties/fees from her landlord. Does [...]
How the Insurance Marketplace Can Affect Your Insurance Premiums By Linda Rey I’ve been in the insurance industry since 1985 in some form or fashion. When I look back on my career, I’m always amazed at how diverse this industry can be. In the insurance industry, as in any other career field, I have to [...]
Owning your own home is part of the American dream. But according to a recent Wall Street Journal article, owning a home is not always the best idea. Some Americans who cashed in on the $8,000 first-time home buyers credit before it expired in April 2010 got a bad deal. The credit pushed up sales [...]
The Negative Equity Crisis and Second Mortgages with Ilyce Glink on the Clark Howard Show June 7, 2011: Folks, we've got ourselves a full-blown negative equity crisis. Recently released data from CoreLogic reports that 38 percent of American homeowners who have borrowed against their homes are underwater with their mortgages. This is staggering. Perhaps even [...]
Traditionally, conventional wisdom was that life insurance was generally not needed once you retired. This may or may not still hold true and will vary based upon your personal situation. Here are a few thoughts. As you near retirement, life insurance can be… An excellent estate-planning tool. If you have a large estate, life insurance [...]
The State of the Real Estate Market with Ilyce Glink on the Clark Howard Show June 6, 2011: According to an ever-growing number of experts, including myself, the state of the real estate market is sobering. The news last week about where home prices are going is frightening. Home values nationally are back to 2002 [...]
The Case-Schiller Home Price Indices featured prominently in a June 2, 2011 podcast discussion between CBS MoneyWatch Home Equity blogger Ilyce Glink and Bill Wright of Americana Mortgage Group. The two experts join Jill Schlesinger and Jack Otter on "Ask The Experts" to answer user questions about real estate. The general consensus of the discussion [...]
Housing Market Predictions: Home Values Continue to Sink By Ilyce Glink By any measure, it’s been a tough week for the real estate market: According to the latest S&P Case/Shiller Index, home values have fallen back to where they were in 2002, although in some of the hardest-hit neighborhoods, housing values have fallen back to [...]
What will it take to get this country out of Foreclosure Trouble? If you're out of work, and wondering how you're going to pay the mortgage, and worrying about whether foreclosure is soon going to darken your doorway, you might have thought they're be some sort of program to help you out. Given that the [...]
Getting out of Foreclosure Trouble on the Ilyce Glink Show June 5, 2011: Housing prices are back, nationally, to where they were in 2002. Basically this means that a full nine years of home equity has been wiped out. With the latest housing data in mind, people continually ask me if I think the bubble [...]
