Q: My husband has heard you on the radio and has asked me to contact you about our mortgage problem. I am going through a non-profit housing agency and applying for the Making Homes Affordable Program. My own lender wouldn’t send me the application. They debited my bank account for the application fee but haven’t [...]
What’s Going On with Foreclosures? By Ilyce Glink A recently published RE/MAX survey of fifty-four major markets found that national home prices are down an average of 5.9 percent, compared with February 2010. This steep decline suggests a couple of things about the greater housing market, as well as the expected shape of the ongoing [...]
If you own a home, you might want to start thinking about the IRS. According to Julian Block, author of “The Home Sellers’ Guide to Tax Savings” (PassKey Publications, $19.95), there are ways to lighten your tax load whether you’re living in your home or selling it.
How to Resolve a Claim Dispute with Your Insurance Provider By Linda Rey I love getting to know my clients and working with them to provide an insurance portfolio that meets all of their needs, but some clients are more difficult than others. I’m sure this is the case for anyone whose job has a [...]
How to Ensure You Get Audited By Eva Rosenberg, EA Years ago, I was helping a banker with his tax return, and he complained that his bank was having problems with borrowers who submitted phony tax returns. I told him that if he wanted to assemble his staff for one hour, I could show them [...]
There are three basic forms of financial adviser compensation: commissions, fee-based, and fee-only. Should the method of compensation make a difference to you? I (who am admittedly biased on the topic) say yes. Let’s examine each method. Commissions are pretty easy to understand. The adviser is compensated when he or she sells you a financial [...]
Check property taxes if you lost the title to your house. Losing the title to your house could be the result of property taxes. Be sure to check property taxes if you lost title to your house. Reasons homeowners lose title to a house include failure to pay mortgage, failure to pay real estate taxes, creditor lawsuit or identity theft. Failure to pay property taxes results in homeowners losing title to their house. Have you lost title to your house? Check your property taxes.
Late payments may trigger foreclosure process with the bank. A bank may begin the foreclosure process on a property due to late mortgage payments. Late mortgage payments may cause the bank to foreclose on a property. Foreclosure filings are online. Check foreclosure filings to see if late mortgage payments triggered the foreclosure process with the bank. Talk to an attorney if late mortgage payments triggered the foreclosure process with the bank.
Diana B. Henriques examines what we've learned from the Madoff Scandal in Wizard of Lies. Diana B. Henriques authored Wizard of Lies, a book that examines what we've learned from the Bernie Madoff scandal. Author Diana B. Henriques offers a financial cautionary tale in her book Wizard of Lies. Bernie Madoff, Wall Street and the United States financial system is examined by Diana B. Henriques in the New York Times financial reporter's book Wizard of Lies.
Don't use 401k withdrawal to pay off mortgage. Don't pay off a mortgage with a 401k withdrawal. Homeowners should not take money out of a 401k to pay off a home loan. Taxes and security issues are why homeowners should not use a 401k withdrawal to pay off mortgage loan. Homeowners should try to budget their money rather than use 401k withdrawal to pay off a mortgage.
