Finance Blog
Is Now the Right Time to Buy a Vacation Home along the Gulf of Mexico?
Written by Ilyce Glink on August 13, 2010
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Is Now the Right Time to Buy a Vacation Home along the Gulf of Mexico? Week after week, the Gulf oil spill drama has dragged on, dragging down the fortunes of millions of residents and small-business owners with it. Meanwhile, Ken Feinberg, who oversaw the…
Want a Principal Reduction Loan Modification? The New Home Affordable Modification Program (HAMP) Rules You’ll Have to Live By
Written by Ilyce Glink on August 6, 2010
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Want a Principal Reduction Loan Modification? The New Home Affordable Modification Program (HAMP) Rules You’ll Have to Live By Are you late in paying your mortgage? Are you about to be? Is your home worth less than the mortgage balance? If you answered yes to…
Unemployment Rising? How to Prepare Yourself, and Protect Your House, in Case of a Job Loss
Written by Ilyce Glink on July 30, 2010
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Is unemployment rising? Economists have been puzzled why so few jobs are being created now that the recession appears to be over. I don’t think it’s that surprising. This is the second post-recession period in a decade that has seen anemic job creation. Frankly, between…
Selling a House: 4 Tips to Get More Buyers through Your Door
Written by Ilyce Glink on July 23, 2010
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If you’re trying to sell a house this year, you’ve got a rough road ahead of you. Since the end of the $8,000 first-time home buyer tax credit and the $6,500 long-term homeowner tax credit on April 30, the number of people interested in buying…
Short Sale Nightmare: Why Doing a Short Sale Might Come Back to Haunt You
Written by Ilyce Glink on July 16, 2010
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If your house is worth less than the mortgage amount, you’re underwater with your loan. And that means you could be facing a short sale nightmare. If you want to sell your house, unless you plan to come to the table with enough cash to…
Debt-to-Equity Ratios Rising: Unless You Get FHA's $100 Down Payment Incentive, You'll Need a Bigger Down Payment
Written by Ilyce Glink on July 9, 2010
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Sharon called my radio show a few weeks back. Her real estate broker had taken her to see a HUD home (which is nothing more than an FHA foreclosure). She could buy the house with only $100 down, but she’d have to pay $9,000 in…
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