Be wary of companies that will buy your home and rent it back to you - this may be housing scam hitting underwater mortgages. Q: I got your website name from my son who lives in Atlanta, one of your radio broadcast areas. I live near Charleston and haven't had the pleasure. Nevertheless, I need [...]
Would bailing out Main Street by forgiving most residential mortgage and home equity loans help the housing crisis? Or make it worse? We recently received the following letter: Instead of the Eminent Domain proposal in California, how about this: Create the Bail Out Main Street Act 2012. Congress would immediately write and approve legislation to [...]
You may not get a principal reduction during loan modification. A principal reduction would not wipe out fees and interest from your loan. Q: My lender told me I do not qualify for principal reduction on the loan I have with them. I contend that I am not asking for principal reduction but, rather, I [...]
Keep climbing your financial ladder and be conservative with your cash and investment, no matter what the stock market says. People are still losing jobs. Save money. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show August 5, 2012 on WSB Radio. Did the economy actually [...]
The stock market market bubble is once again a reality. Will you lose your shirt through stock market investment for the second time in a decade? Also the WSB Radio Care-a-Thon 2012 was a huge success, raising $1.5 million in cash to help fund family support services, research and the fellowship program at the Aflac [...]
Live at the WSB Radio Care-a-Thon 2012 raising cash to help fund family support services, research and the fellowship program at the Aflac Cancer Center. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show July 27, 2012 on WSB Radio. You won't hear me this hour [...]
Homeowner's insurance generally does not cover damage to land, landscaping or concrete, but getting land coverage is often not necessary. Q: I recently changed insurance agents. My last one was more elusive than Big Foot. The new one is telling me I am over-insured because my land or lot is also insured and doesn't need [...]
If you don't qualify for refinance, you may be stuck with the property - a strategic default on rental property will lead to foreclosure. Q: My question is regarding a strategic default on a rental property. As with almost all homes, my townhome is underwater by approximately $100,000. I live in Maryland and my wife [...]
