In a slow housing market or real estate recession, you need to be careful with new construction. If you are already seeing warning signs like the developer has put construction on hold, or only a fraction of the development has been completed, you might want to rethink your purchase. If the builder is having problems, there are no guarantees that the plans for the neighborhood will ever come true.
The National Foundation for Credit Counseling recently issued a True/False quiz to see if you're a good candidate for credit counseling. Here's the qu...
A landlord asks what to do when his renter plans to skip out early. The landlord asks about putting a lien on the renter's new home. The landlord might be better off suing his renter in small claims court.
This week on the Ilyce Glink show, Ilyce discussed the fallout from the collapse of European and Asian stock markets, and our own US stock market's gyrations. The good news is that this is a buying opportunity. You just have to have the cash on hand. She took many calls about the economy, the stock markets, and investing, and then talked with Julia about getting a reverse mortgage. For show notes, check out the details on her website, www.thinkglink.com/forum. And, don't forget to subscribe to her new YouTube channel, www.expertrealestatetips.net.
Marriage means compromise when it comes to personal finances. Two people often enter a marriage with differing views on personal finances. Sometimes the differences are so great that the married couple needs to consult a financial advisor in order to create a united view on their joint personal finances.
When a divorce involves citizens from two different countries, the U.S. courts may favor the American. Nevertheless, the other spouse should still hire a divorce attorney to ensure that his or her interests are addressed in divorce court. Even if the American spouse threatens to take ownership of their joint property, the other spouse is not without options. He or she can hire a divorce attorney to ensure that the divorce settlement is fair.
An investment property owner wants to know if there's a way to sell and pay less tax. He asks about gifting the investment property. A 1031 exchange might be an option for the investment property.
Homeowners taking a loss when selling can now get tax help. The tax help is part of the Mortgage Debt Forgiveness Relief Act. Under the new rule, taxpayers can exclude up to $2 million of mortgage debt forgiven in 2007, 2008, or 2009 on their primary residence.
If you are ready for retirement, should consider selling your home before moving into a retirement community? And what about selling a home in this market - can it be done? You can still sell a home quickly if you focus on doing some home improvements to make it stand out out, including landscaping. And when buying a home for retirement, if you have equity, there are several options, including a home equity loan, interest-only or a low interest adjustable rate mortgage.
