Yesterday’s Show
I received this letter last night after the show: I was listening today (Sunday, Aug 19-WSB) when David from San Francisco called about health care a...
Calculating Cost Basis For Property
A homeowner wants to know how to calculate the cost basis on a home he received through a quit claim deed that has appreciated greatly in value. When it comes to calculating cost basis, you can include anything that was a structural fix. Also included in the cost basis are costs of the purchase and sale, including commission, advertising and marketing costs and any other fees you paid.
Foreclosure: What To Do If You’re On The Edge Financially
If you're one of the dozens of folks who have written to me over the past few weeks talking about how you've either missed a mortgage payment or are i...
Sherry’s Call On WSB This Morning
Sherry called the show to weigh in on the new Medicare policy. Here's her horrifying story: She had a total hysterectomy, and the wound started oozin...
Medicare Won’t Pay For Doctor’s Mistakes
The New York Times discussed the new (www.nytimes.com/2007/08/19/washington/19hospital.html?_r=1&hp&oref=slogin) Medicare policy directive...
Ilyce Glink on WSB Radio – August 19, 2007
Wow. It's nearly the end of August. Can you believe it? In this week's radio show, Ilyce Glink discusses personal finance, real estate and trends in the economy. She also takes calls from her listeners on a variety of topics.
Short Sale When You Can’t Make Mortgage Payments
When you've bought a home and you owe more that the home value it may become difficult to make mortgage payments. Instead of falling behind on your mortgage payments you may want to contact your mortgage lender to set up a short sale. Be aware that when you sell your home through a short sale the IRS will treat the difference between the sale amount and what you originally owed the lender "phantom income."
A Move Is A Move, No Matter How Far Away The New House Is
Moving across the street isn't any easier than moving across the country. Hiring movers might seem like an extra expense, but moving on your own isn't an easy task. Whether you're moving down the street or across the country, spending a few minutes preparing for your move will save you time and money.
Realtors’ Commissions In A Changing Market
While the average commission for a real estate agent used to be 6 percent, or 3 percent per side of a transaction, the average commission rate has dropped significantly over the past few years. One reason is that the cost of doing business as a real estate agent has increased along with competition. Even in a buyer's market, real estate agents earn their commissions because it takes a long time to sell property.
Agents Bad Behavior
Is this what it has come to with exclusive buyer agents? Here's a letter I just received: Dear Ilyce: First of all, I want to THANK YOU FROM THE BOT...