Ilyce

Will the $8,000 first time home buyer tax credit be extended? This and other questions about the first time home buyer tax credit are on the minds of home buyers as they try to figure out the best deal in the housing market. Should a daughter buy a house from her parents or should she use a quit claim deed? There are income restrictions and rules against buying from relatives under the first time home buyer tax credit regulations. How long do first time home buyers have left to find a house before the deadline to take advantage of the first time home buyer tax credit?

Should you pay your spouse's mortgage debt after his or her death? If your name was not on the mortgage, the lender cannot hold you personally responsible for your spouse's mortgage. Your spouse's estate will will be responsible for settling the mortgage debts after his or her death. However, you cannot keep living in the house without paying the mortgage. You must pay your spouse's mortgage after his or her death if you want to stay in the house.

A first time home buyer wonders what questions he and his wife should be asking when looking at a new development of townhomes. All buyers want to go to the table prepared, but first time home buyers need to be especially careful to do their research. Here as some new home buying tips you should consider.New developments require special consideration when thinking about buying, as a first time home buyer or otherwise. You must look at the value of the other properties, when it will be fully developed and what you expect out of your new home. It might be helpful for first time home buyers to work with an agent who has experience with new developments.

Taylor Bean & Whitaker Mortgage Company Update September 1, 2009. In this post, highlights from our conversation with the director of mortgage supervision from the Georgia Department of Revenue and with a spokesperson from Bank of American about the 100,000+ loans it acquired from Taylor Bean & Whitaker. We've also posted online a Taylor Bean & Whitaker customer welcome from Cenlar, one of several servicers assigned to pick up Taylor Bean & Whitaker mortgages. We also have a new directive from Fannie Mae that was posted today, plus answers to many of your questions and postings. Also, there's a link to all of the other Taylor Bean & Whitaker stories we've published.

Taylor Bean and Whitaker Mortgage Company update for September 1, 2009. In Georgia, real estate property tax bills are due today. Thousands of Taylor Bean & Whitaker Mortgage Company customers have not had their homeowners insurance premiums paid in two months. Here is the latest information from Sandra Sheley, director of mortgage supervision with the Georgia Department of Banking and Finance. Story contains additional article links, resources, phone numbers, and websites for more information.

Since Taylor Bean & Whitaker Mortgage Company shut its doors on August 5, 2009, hundreds of thousands of customers have not understood what is happening. We have information for those customers whose loans were not picked up by Bank of America but by CENLAR. This information is from the CENLAR website as well as from the Georgia Department of Banking and Finance. Check back frequently, as we will be updating the information as often as possible.

Taylor Bean Whitaker Mortgage Company customers are confused about what to do with their money since Taylor, Bean & Whitaker Mortgage Company went bankrupt. Freddie Mac released a fact sheet filled with answers for those customers who have government-backed loans from Taylor Bean Whitaker. If you were current on your Freddie Mac mortgage, Cenlar will now be your mortgage servicer. This page contains the fact sheet from the Freddie Mac website. We have links here to our other Taylor Bean Whitaker stories on ThinkGlink.com. If you have a Ginnie Mae loan, here is a link to a page on their website that contains a similar fact sheet.

Despite the Recession, listeners to News/Talk 750 WSB dug deep to donate to a worthy cause. In 37 hours, listeners to the radio station gave more than $1.3 million dollars to the 9th Annual Care-a-Thon benefiting the Aflac Cancer Center at Children's Healthcare of Atlanta. In nine years, the Care-a-Thon has raised $8.4 million for the Aflac Cancer Center. Come back for more podcasts of Ilyce's segments during the Care-a-Thon

Taylor, Bean and Whitaker Mortgage Company filed for bankruptcy earlier this August, and problems for the customers continue. The Taylor Bean and Whitaker Mortgage Company situation continues to change. The latest news comes from the Director of Mortgage Supervision at the Georgia Department of Banking and Finance: Bank of America is going to take over the servicing rights for FHA loans and Ginnie Mae loans previously held by Taylor Bean and Whitaker Mortgage Company. Property owners and Taylor Bean customers should be aware of information on where they should send their payments (to Taylor Bean or Bank of America). Payment information for Taylor Bean customers is listed in the article below.

Today on the Ilyce Glink Show, Ilyce discussed the latest news about Taylor Bean and Whitaker. What's happening with this bank? Where can customers go to get information about their loans? Why is their so much confusion with the Taylor Bean and Whitaker situation? Visit our updates for more information about Taylor Bean and Whitaker. What are other banks that are in trouble doing to improve their balance sheets and how does it affect the customers? Ilyce also took questions from callers about self-directed IRAs and their Roth IRAs and gift limits to invest in a Roth IRA. For more show notes and helpful links, visit Ilyce's blog