House Passes FHA Revitalization Bill
As the Federal Reserve's Open Markets committee was meeting, the House of Representatives was busy working in Washington, DC. The House of Representa...
Federal Reserve Drops Fed Funds Rate Half A Percent
The Federal Reserve Bank dropped its key Federal Funds rate by a half percent today. It's the first drop in 4 years. Guess they're officially more wo...
IRS Announces New Web Page for Those Facing Foreclosure
The IRS announced today that it has posted a special web section (www.irs.gov/newsroom/article/0,,id=174034,00.html) at its website for homeowners who...
Bankruptcy Only Way Out Of Credit Card Debt
A mother let her son use her credit card to help set up his new home and now she is in significant financial trouble. You should never let anyone use your credit card without your permission. If the credit card debt is bigger than her income, her only solution might be to file for bankruptcy.
Homeowners, Housing Market Face Rising Foreclosures
Homeowners everywhere are feeling the pain of the housing market and rise of foreclosures. According to the latest numbers from the Mortgage Bankers Association of America (MBA), the number of homeowners starting the foreclosure process hit a record high this spring. More homeowners cannot make their mortgage payments, and as the housing market continues its downward spiral, homeowners are forced to start the foreclosure process.
Ilyce Glink on WSB Radio – September 16, 2007
It's another fun-packed radio show with Ilyce Glink. Every week Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier.
Investment Property Requires Large Down Payment
In the current real estate market, mortgage lenders are requiring investment property buyers to make a large down payment. To borrow the money for an investment property, buyers will need to have a large amount of cash up front. Even with excellent credit, it will be hard to finance investment property without a big down payment.
Taking Personal Responsibility for Your Home Purchase
Much of the mortgage crisis comes back to personal responsibility. In the heat of the moment, buyers rushed out to purchase homes they really couldn't...
Ex-U.S. Mortgage Lenders Feel Crunch
It looks like the mortgage crisis isn't being contained to the U.S. There was news today that the United Kingdom's central bank, the Bank of England,...
Tenant Causes Rental Property Owner’s Credit Problems
A couple owned rental property and had asked the tenant to pay the Homeowner Association fees, and because of non-payment, the property owners have bad credit. Because the tenant did not pay the bill, a settlement was placed against the property owner that cause the owner a credit problem. Ilyce explains how this owner can rebuild her credit rating after the tenant did not pay Homeowner Association fees.