Ilyce

Selling Investment Property And The Availability Of The Proceeds From Settlement. In some parts of the country, investors will close one day and receive funds from the sale on another day. Those investors should make sure their interests are adequately protected. You don't want to sell an investment property, hand over the keys and not receive your money at closing or settlement. What would happen if the proceeds never show up?

Refinancing Mortgage Loans When Home Prices Have Fallen can be difficult. As housing prices have fallen, it's harder and harder to find a lender willing to refinance a mortgage loan, either because the home doesn't have enough equity or home owners financial situations have deteriorated. You can still look for a mortgage lender, mortgage broker, savings and loan or credit union to try to refinance a mortgage loan, but for many it will be almost impossible.

Refinancing a Jumbo Mortgage Loan is Difficult In This Housing Market.

During the housing crisis and the credit crisis, it has become increasingly harder to refinance jumbo mortgage loans. Jumbo mortgage loans now have two strikes against them: if home values have come down, the owner will have trouble refinancing the jumbo mortgage loan without coming up with a significant amount of money at the closing and with the credit crisis, many mortgage lenders have moved away from the jumbo mortgage market and will only refinance conventional loans that are for $417,000 or less. For many jumbo mortgage loan home owners, the Obama Making Home Affordable or Home Affordable Refinance plans and programs won't help.

Mortgage Prepayment May Not Be The Best Idea. For some people, making a mortgage prepayment can be just fine. For others, prepaying a mortgage in full can add stress if money is needed in the future. And for others, there may be a balance between a partial mortgage prepayment and keeping sufficient cash on hand for expenses that may come up in the future.

Saving to buy a home? How much should you save? What will your housing expenses be? When deciding to buy a home or a house, you need to answer these questions to have a better idea and know how much you will be able to afford. You might be saving money monthly now to buy a home in the future. And, now is the right time to plan for those initial costs to buy a home and then have savings for housing expenses that will come later.

Taylor Bean & Whitaker update: About five weeks after being shut down, the fallout continues for some Taylor Bean & Whitaker borrowers whose loans were ported over to Bank of America.

Our Blog is filled with comments from Taylor Bean & Whitaker borrowers who say they have received calls from Bank of America's Collections Department. This interview with Bank of America Rick Simon goes over some of the biggest concerns of Taylor Bean & Whitaker borrowers. We will continue to update on the missing homeowners' insurance payments.

How much should I save each month? That's a question many Americans are pondering in the aftermath of the Great Recession. Some things never change: The more you save earlier in life, the more savings you'll have for retirement. This article includes money-saving tips, as well as a discussion of short-term and long-term financial goals, including saving for retirement. Also included are tips to help you plan our how much you should save each month.

Clark Howard Show Notes - Labor Day 2009: Taylor Bean Whitaker Update; New Mortgage Brokerage rules; Loan modification hell and what to do about it; President Obama's plans to help you save more for retirement; What men's underwear says about the economy; How to Profit from Foreclosure; FREE BOOKS; EBOOK SPECIAL;

Ilyce Glink fills in for Clark Howard on this Labor Day holiday. Are you getting ripped off by your cell phone company? Ilyce gives advice on how to deal with your cell phone company and other customer service lines and call centers. Ilyce took another call from someone who is trapped in "loan modification hell." Listen for her advice on how to deal with a stalled loan modification process. Listen to the podcast here for answers to these consumer and personal advice questions and more. Check Ilyce's blog for show notes and helpful links.

Starting this week, listen to the Ilyce Glink Show at a new time. From now through the end of football season, catch Ilyce live on Sundays on WSB Radio in Atlanta from noon to 2 p.m. Today on the Ilyce Glink Show, Ilyce talked to a caller who wanted to know how to dispute his credit card rate being raised, after he thought he locked in a lifetime guarantee rate of 7 percent. Ilyce also talked about whether or not you have to pay taxes on your debt, and what to do if a debt collector reports old debt as income. We have more updates on the mortgage servicing situation with Taylor Bean and Whitaker. Your comments are coming in, and we're trying to find you answers. See all of the Taylor Bean and Whitaker updates at ThinkGlink.com. For more information about today's show and helpful links, see Ilyce's blog