A homeowner was unable to contact her home equity lender to get a final pay off amount, so she stopped paying on the loan. She stopped making payments assuming that the company would contact her. This method only hurts her, and she will end up ruining her credit history or going into foreclosure without any warning from the mortgage lender. She needs to try harder to get the contact information, and resume making her payments.
Real Estate Minute with Ilyce Glink Health Information Technology Bill won’t install Patient Privacy Rights. Original Air Date: July 4, 2006
Real Estate Minute with Ilyce Glink Grandparents Help With Saving For College Original Air Date: July 3, 2006
After signing contracts, this seller walked away from closing on a home after learning that back taxes would be paid out of the home sale proceeds. If the contract did not give the seller the right to walk away from the deal, the buyer may be able to sue the seller. The seller should have lived up to the terms and conditions of the signed contract.
If you have a lot of credit card debt and a car loan you may be looking for a good way to pay down your debt. A home equity loan is one way you can pay off credit card debt and a car loan. If you plan to sell your home in the near future make sure that the proceeds from the sales will help you pay off the home equity loan as well.
In her July 1 show, Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier.
When your spouse dies with credit card debt, is it your responsibility to pay it off? It depends on whether the person who died had an estate with money to pay off the credit cards. If the deceased did not have an estate to pay off the debt it may fall to the spouse, depending on whose name was on the credit cards.
In order to get your name off a mortgage loan, the loan must be refinanced. When you go through a divorce and divide up assets, including a home, you have to refinance so that the spouse who gets the home becomes solely responsible for paying the mortgage. Refinancing may result in one spouse buying out the other, but the spouse who is being bought out should not have to incur more debt for that to happen. Taking out a separate home equity loan has nothing to do with refinancing. In addition to refinancing, the spouse who is giving up the home should also sign a quit claim deed.
A survey of 100 human resource executives revealed that July 3rd is just another day in the calendar. Only 25 percent of companies plan to give their ...
When undertaking home improvement projects like replacing flooring, the price you pay can depend on how the house is laid out. Sometimes there is more waste when a room is smaller, increasing the cost. To get a fairly decent estimate, try to add up the room sizes and then figure out how much flooring you'll need. Or go to a big box store like Lowe's and talk to a salesperson, or use online calculators like those found at www.homedepot.com.
