Ilyce Glink, ThinkGlink.com
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Ilyce

About Ilyce Glink

Ilyce Glink is an award-winning, nationally-syndicated columnist, best-selling author, and radio and television personality. She is the best-known consumer advocate for home buyers, sellers, and owners, and her content touches millions of readers, viewers, and listeners each week. She was the Founder of an employee benefit that companies provide that helps employees measure financial stress, then dials it down with a unique content mapping system. She is also the Founder/CEO of Think Glink Media, a digital content agency, and the Publisher of ThinkGlink.com. Listen to Ilyce on WGN Radio each week, follow her on Twitter, and sign up for the ThinkGlink free weekly newsletter, in the blue box at the bottom of this page.
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Credit History Reported Delinquent During Making Home Affordable Loan Modification Trial Period

By | August 13th, 2009|

Credit history and credit score ruined by lender while borrower applies for loan modification under the Obama Making Home Affordable Plan. While applying for the Making Home Affordable Loan Modification Program some lenders may require borrowers to make temporary payments into escrow or hold accounts while their applications are being reviewed. But the lender will also report those borrowers as late or delinquent to credit reporting bureaus and borrower's credit history and credit scores will suffer.

Obama Making Home Affordable Loan Modification Program Cries For Help – Are Mortgage Lenders Listening?

By | August 13th, 2009|

The Making Home Affordable Loan Modification Plan should be simple. But it's far from simple. The Obama Making Home Affordable Loan Modification Program is causing our readers to cry for help. Some readers are writing in that their credit history and credit score are being hurt by participating in the loan modification plans even when they are not late in making their payments. Others are finding that the loan modification process is taking too long.

Estate Planning To Avoid The Gift Tax Dilemma

By | August 13th, 2009|

Estate planning is the way a person should go when thinking about transferring a piece of property from a parent to a child. If the transfer is not done properly, a gift tax may result being billed by the IRS to the parent. When in doubt, it's better to obtain good advice, do some estate planning and get it right the first time.

Quit Claim Deed Vs. Warranty Deed To Transfer Property Ownership From Father to Son

By | August 13th, 2009|

Quit claim deeds are a popular tool used by many, but in some cases a warranty deed is a better option. When a relative owns a home, should you quit claim that home to a child? Usually, you shouldn't use a quit claim deed to avoid estate planning issues. The better option is to work with an estate planner to determine whether you should keep the property, set up a trust or another mechanism to transfer property from a parent to a child. But usually it's not going to be a quit claim deed.

Easement Issue And Rotten Neighbors – Can Homeowner Force Removal of Bay Window?

By | August 13th, 2009|

Easement issues between neighbors can lead to problems. Big problems. the end result of these problems can be rotten neighbors. People who live near each other should avoid situations that could result in neighbor issues and neighbor problems. Don't people realize that they will end up living next door to these people for years to come?

Taylor Bean Whitaker Mortgage Company Update

By | August 12th, 2009|

On August 5, 2009, Taylor Bean Whitaker Mortgage Company was shut down. Since then, hundreds of thousands of Taylor Bean Whitaker Mortgage Company customers have been overwhelmed by the lack of information. We've tried to answer some of these questions.

Home Prices Decline While Existing Home Sales Rise

By | August 12th, 2009|

Home prices decline while existing home sales rise slightly in the second quarter. Median home prices fell 15 percent from a year ago, thanks to home prices going down due to foreclosures and short sales. According to the latest survey out from the National Association of Realtors, existing home sales are up 3.8 percent from the first quarter. Home sales rose due to lower median home prices, the first time home buyer tax credit and lower interest rates.

Loan Modification: Do I Qualify for a Loan Mod?

By | August 11th, 2009|

Loan modifications are hard for homeowners to figure out. Many get mixed signals about whether they qualify for a loan modification from their mortgage loan servicers. You might be told you do qualify for a loan modification one day, and then in the next letter told that you do not qualify for a loan modification - even though your financial situation has gotten worse. Find out whether you qualify for a loan modification by contacting a HUD housing counselor. And, call back your own mortgage lender frequently to check on the status of your loan modification.

Renovation Costs: How to Plan Home Improvement Projects So They Are Affordable

By | August 10th, 2009|

Renovation costs have soared out of control - even in the current recession. You'd think that renovation costs would be less because fewer home improvement contractors are employed. But that doesn't seem to be the case. Consumers, mindful of renovation costs are staging their home improvement projects. Doing home improvement projects in phases lowers renovation costs.

Taylor Bean and Whitaker Mortgage Company Hotline Information for Borrowers

By | August 10th, 2009|

NEW UPDATE 9/10/09: Today's update is an edited, condensed transcript of my conversation with BOA spokesperson Rick Simon. Cenlar is a legitimate loan servicing company and Roundpoint is NOT A SCAM. The situation is confusing, but not fake. 9/01/09 Yesterday, we reported that Bank of America taking over servicing rights for FHA loans and Ginnie Mae loans previously held by Taylor Bean and Whitaker Mortgage Company.Earlier this month, Taylor Bean and Whitaker Mortgage Company, which is owned by Colonial BancGroup shut its doors. Dozens of Taylor Bean and Whitaker Mortgage Company borrowers called the Clark Howard Show and Ilyce Glink Show to ask what they should do. Should they pay their old loans or new loans? How could they find out if their loans funded? The FDIC and Federal Reserve Bank have set up customer hotlines you can call to get information.

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