Knowing how to take legal action against a contractor can be complicated. To avoid problems, do a lot of research before hiring a contractor. Q: I’d like to find out what legal actions I can take against contractors. I purchased a home that was a fixer-upper and hired a contractor to do the work, but [...]
Deciding whether to pay off your mortgage or invest in retirement is a common question. Try paying your mortgage with existing funds. By: Ilyce Glink and Samuel Tamkin Q: My husband and I bought a new house a few years ago and are getting ready to sell our old house. With the sale of the [...]
Knowing when you can refinance after a short sale is crucial. Generally you will wait two to three years before getting a new loan approved. By: Ilyce Glink and Samuel Tamkin Q: Thanks for all the good information you provide. About 18 months ago, I sold short an investment property. I would like to refinance [...]
Filing bankruptcy or choosing debt consolidation is something to consider when you're far in debt. Decide which is better to start paying your debt. Q: I am over $20,000 in credit card debt, and I make $24,000 a year, net. My question is would debt consolidation be the right choice through one of the many [...]
Jake Adger, Dennis Carlson, Rick Sharga and Theresa Bradley-Banta join Ilyce to talk about recent trends and hot topics in personal finance on the Ilyce Glink Show on August 11, 2013 on WSB Radio. Ilyce's show always contains various forms of personal finance advice but she has invited four intelligent and engaged professionals to talk about [...]
Ilyce Glink Show on WSB Radio: The unemployment rate in today's economy has come down a little bit, but it is still not great. On this week’s Ilyce Glink Show on WSB Radio, Ilyce discussed unemployment numbers and whether or not they represent a strong economy. The unemployment rate is officially at 7.4 percent and [...]
What if there are issues with property tax exemptions for seniors? Senior homeowners are typically entitled to take an extra exemption. Q: When my mother died some years ago, her senior exemption was not removed from her property, which I inherited and now live in. How do I correct this tax problem? It has gone [...]
Using a self-directed IRA to invest in real estate will allow you to lend yourself the money to buy real estate. Q: My partner and I are considering rolling over his 401k into a self-directed IRA in order to purchase rental property. I was wondering if you have any information on how to vet this [...]
When deciding to refinance a 30-year mortgage to a 15-year, know that it could build up equity faster and save money over the life of the loan. By: Ilyce Glink and Samuel Tamkin Q: I recently talked to Chase and Quicken Loans and Quicken came back and said I could lower my monthly payment by [...]
