Ilyce Glink Show on WSB Radio: New data shows that mortgage delinquency rates are up after five months of improvement. On this week’s Ilyce Glink Show on WSB Radio, Ilyce discussed how mortgage delinquencies have taken a sharp turn up. According to Lender Processing Services, the national delinquency rate is at 6.7 percent, which is [...]
If you have a home eviction on your credit report, knowing how to remove it is important. Ask for a copy of your report and look for mistakes. Q: I had a mortgage with a big box lender. I lost my job and hung on as long as possible. My home was actively listed for [...]
Getting a bad home appraisal before selling is common. You can ask the bank for a new appraiser. The appraiser should know the local market. Q: I am in the middle of selling my home. I got an offer at 97 percent of my asking price. The inspection and all went well. In addition, I [...]
Underwater homeowners, need options for selling an underwater home? If a lender won't agree to a short sale, there are other options. In a recent column, we discussed an underwater homeowner’s options when dealing with the sale of their home. In an underwater loan, the homeowner owes more money to the lender than the home [...]
When does it make sense to refinance a home loan? Depending where your mortgage is, it may not be wise to pay thousands of dollars to refinance. Q: I was listening to you today on WGN radio and wanted to ask about my Condo loan. I refinance my home in 2000 at a rate of [...]
If you're remodeling your home, there are reasons why you should look at cost vs. value report. The data can be presented by region. Q: Today I read your advice in the Washington Post to a question about cost (and value) of remodeling a bathroom. My husband was an Art Director for Remodeling Magazine for [...]
Selling your house as a short sale with two lenders can be complicated if your two lenders disagree about the true value of the property. Q: I have a question regarding a short sale. If somebody has a mortgage with one bank, and home equity line of credit with another, how it would the negotiations [...]
Many people have problems with home appraisals today. There has been a reduced emphasis on local market knowledge by lenders. The housing crisis has left buyers, sellers and homeowners facing some difficult moments wondering whether the home they want to buy, sell or refinance will appraise out in value. We’ve answered a number of questions about [...]
Should I sell my investment property at a loss? If your rental property will continue to appreciate, hold onto the home. Q: We live in Illinois but own property in Las Vegas. We are considering selling the Las Vegas property since the Las Vegas market is moving right now. We’re looking for some professional advice. [...]
Ilyce Glink Show on WSB Radio: The jobs and unemployment rate for 2013 may be wrong, according to an economist who used to calculate the numbers. On this week’s Ilyce Glink Show on WSB Radio, Ilyce discussed how the unemployment rate could be inaccurate, according to an economist from a recent article by the Huffington Post. [...]
