The U.S. stock market had another good week, based in part on the announcement of another Greek bailout. The Dow flirted with 13,000 and American investors remain encouraged despite a mixed bag of economic news. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show February 26, [...]
Paying off mortgage early with lump sum cash payment may be a good solution for some, but loss of that cash for emergencies may limit options. Q: I have a certificate of deposit (CD) worth over $70,000. I wonder if is wise to take my CD out when it matures and pay off my house [...]
Bankruptcy discharge of mortgage debt does not release lien on property and payments on mortgage loan may not benefit credit history. Q: We successfully signed a loan modification with our lender two years ago. It took forever to get the loan modification. The problem is that our lender (one of the so-called “big box” lenders) [...]
Closing Costs Influence Decision To Refinance Office Condominium. If the costs outweigh the savings, refinancing is not the right option. Q: I listen to you when I come home from church each Sunday. I enjoy your radio show. I have a dilemma that I would appreciate your advice on. We have an office condo that [...]
Refinancing Investment Property Under Government Programs is usually not possible, but real estate lenders may have other options available. Q: I may have misunderstood some information from your radio show from last Sunday but wanted to clarify it anyway. Did you say that owners of investment property may be eligible for certain refinancing, interest rate [...]
You may want to use an LLC to buy rental properties, it may be more cost effective to own in your own name with good insurance in your name. Q: I recently purchased a rental property in Illinois. The title is held jointly by my wife and me. We got an investment mortgage for 80 [...]
What can we expect from the ongoing eurozone crisis and the US? This week was a good one for investment in the stock market, despite the uncertainty in Europe. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show February 19, 2012 on WSB Radio. What a [...]
The foreclosure process and REO activity increased in January; is now expected to increase and accelerate according to RealtyTrac’s report. The foreclosure bottleneck is beginning to loosen, according to RealtyTrac’s U.S Foreclosure Market Report released Thursday. According to the report, foreclosure filings -- which include default notices, scheduled auctions and bank repossessions (REO) -- rose [...]
While you may want to just mail your keys to your lender and move on to a new job, you may need to short sell your home first or have the lender agree to a deed-in-lieu of foreclosure. Q: We have a home in Marietta, Georgia and our mortgage balance is about $190,000 and the [...]
If you are retired and want to get a mortgage, you may not be out of luck, depending on your assets and income. Q: I'm nearing 70 and my wife is 46. I want to buy her a house. I have "enough" in savings and can buy the home outright. She has solid income and [...]
