What should you do if you've bought a retirement home but haven't yet sold your current home? If you don't sell the home, you could be forced into foreclosure if you can't pay both mortgages. You may need to ask your mortgage lender to allow a short sale as full payment.
Here's a list of deductions that people may overlook when filing their taxes: Out-of-pocket expenses relating to charitable activities, including the...
If you want to transfer property in to a revocable living trust - can you do so without a lawyer? Because it can be a complicated process and an error with the title could cause future problems, you should pay an attorney to do it. Or you can go to a title company for help.
More than half of the 120 million U.S. taxpayers hired a tax preparer last year, according to the Chicago Better Business Bureau. And not all of them ...
America Saves Week runs this week. More than 1,000 organizations have teamed up to promote the goal of saving. Seems a bit ironic this year with the...
One possibility to defer tax liability when selling a property is a 1031 tax exchange or a Starker exchange. A 1031 tax exchange involves buying a new property within 180 days. You should also have a knowledgeable real estate attorney that is familiar with 1031 exchanges.
This week on the Ilyce Glink show, Ilyce talked about the $270 million a Georgia couple won in the lottery. She offered a few pieces of advice, mostly centered around hiring the right kinds of help to manage a fortune like that. She took calls on debt, credit, tax, mortgages, and a sad call from Alan on a very short sale (he'll lose $400,000 if he sells today -- if he CAN sell). Click to listen to the show, or download the podcast from iTunes. Don't forget to check out Ilyce's website, www.thinkglink.com, and her forum at www.thinkglink.com/forum. And don't forget to stop by her new all-video site, www.expertrealestatetips.net.
In early 2008 foreclosures were increasing which furthered the housing market slowdown, but what are solutions that mortgage lenders are coming up with? Foreclosures are forcing private mortgage lenders to pay out millions of dollars. Mortgage lenders are trying to help homeowners who are currently or about to face foreclosure.
A couple wants to buy a foreclosed home but is unsure about how PMI figures in. PMI, or private mortgage insurance, reimburses lenders for the balance above 80 percent of the mortgage, if a home becomes a foreclosure.
