Best Deal? Buying a New Car or Buying a Used Car
Should you buy a new car or a used car?
Repaying the $8,000 First Time Home Buyer Tax Credit
Under what circumstances do you have to repay the $8,000 first time home buyer tax credit? If you bought your first home in 2008, you may have qualified for the $7,500 first time home buyer tax credit that has to be repair in equal $500 installments. But if you bought your home in 2009, you don't have to repay the $8,000 first time home buyer tax credit except in certain circumstances. Here are the rules for knowing when you have to repay the tax credit, so you don't run afoul of IRS rules.
Join Ilyce Glink’s New Facebook Fan Page
Ilyce is almost done with her new book, "Buy, Sell, Move In" (in stores Spring 2010), and we're launching a new [Ilyce Glink Fan Page on Facebook.]...
New Mortgage Fraud Scams Emerged in 2008, FBI Says
In its 2008 survey of mortgage fraud, the FBI concluded there is a strong correlation between mortgage fraud and distressed real estate markets. Indeed, some of the states with the highest levels of mortgage fraud also had the highest levels of foreclosures. But new mortgage fraud scams emerged in 2008 that tested the abilities of the FBI to contain them. Here is a look at the newest mortgage fraud scams.
FBI Reports Mortgage Fraud and Mortgage Scams Increase in 2008
Mortgage fraud and mortgage scams increased dramatically in 2008, as homeowners found themselves pushed into mortgages they couldn't afford, or lenders realized they had approved loans based on false premises. The survey found that mortgage fraud complaints surged in 2008. At least 63 percent of all pending FBI mortgage fraud investigations during FY200 involved dollar losses totaling more than $1 million. There were nearly 64,000 Suspicious Activity Reports (SARs) filed in FY2008, with losses of more than $1.4 billion, an increase of 83 percent over FY2007.
How Do You Withdraw an After Tax 401(k) Contribution?
What happens when you make after tax contributions to a 401(k) plan and you now need the money? Can you withdraw just the after tax contributions and not pay any tax? Or, will the IRS require you to withdraw the funds in a proportionate way, based on the total amount in the plan?
Ilyce Glink on WSB Radio – July 19, 2009
Today on the Ilyce Glink Show, Ilyce talked with Ed Delgado, a Senior Vice President of Wells Fargo, Stacey Bradford, a blogger for MoneyWatch.com and author of the new book, the Wall Street Journal Financial Guidebook for New Parents, and John Wasik, Bloomberg Columnist and author of the new book, The Cul-de-Sac Syndrome. For more show notes and helpful links, visit Ilyce's blog.
Today on the Ilyce Glink Show – July 19, 2009
Today on the Ilyce Glink Show, Ilyce talked with Ed Delgado, a Senior Vice President of Wells Fargo, Stacey Bradford, a blogger for MoneyWatch.com and author of the new book, the Wall Street Journal Financial Guidebook for New Parents, and John Wasik, Bloomberg Columnist and author of the new book, The Cul-de-Sac Syndrome.
Installment Contract for Deed Can Result in Mortgage Fraud
A home buyer purchased a home using an installment contract for deed. She paid an escrow company, which then paid out her mortgage, taxes, insurance and homeowner association dues - or so she thought. Now she finds out that the escrow company/mortgage broker hasn't been making any payments, and the house could be foreclosed upon. Is she a victim of mortgage fraud? What should she do now?
Using a Quit Claim Deed Will Transfer Title And Nullify Your Wishes in Your Will
If you own a property and use a quit claim deed and later record that quit claim deed transfering title to someone while you're alive, how does that affect the terms of your will after you're dead? Does using and recording a quit claim deed before you die nullify the terms of your will? A reader finds herself in the situation where her elderly mother used a quit claim deed to deed her house to another daughter and grandchild.