No use in blaming others for losing in real estate bust
Q: Back in 2005, I bought a condo with inherited cash for my disabled son to live in. I used an inheritance to buy the condominium. The condo was ridiculously...
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Plenty can go wrong when you don’t plan contingencies in purchase
By Ilyce Glink and Samuel J. Tamkin Q: We are retired school teachers with an income of $51,000. We only have $100,000 saved, but our teachers' pension covers our monthly...
Are underwater homeowners fighting losing battle?
Q: We are currently underwater on our primary home mortgage. Our mortgage has been modified twice, and all payments were added to the back of mortgage. Our loan balance was...
The mystery of cheap jumbo mortgages
By Ilyce Glink and Samuel J. Tamkin Something very unusual happened with mortgage interest rates this week. The interest rate on jumbo mortgages actually fell below the interest rate of...
Intergenerational housing design may not be perfect, but it’s meeting a growing need
Q: I read your article this morning about NextGen by Lennar Homes. I went to Lennar's website and checked out the floor plans. Although having multigenerational units is a great...
Career in real estate can be rewarding, but it’s a lot of work
Q: For the past 20 years, I've worked as a combination legal assistant, paralegal and office manager. Now my boss is retiring and closing the office. One option I'm considering...
Getting a mortgage after paying cash for a home
By Ilyce Glink and Samuel J. Tamkin Q: I just read your very informative article on the competitive market and cash offers. I'm a part-time real estate agent and real...
Don’t blame all LLCs for the irresponsibility of a few
By Ilyce Glink and Samuel J. Tamkin Q: If you are thinking of investing as part of a slumlord real estate investment group, please don't. The neighbors will pray for...
Rehab loan on underwater home is a dicey proposition
By Ilyce Glink and Samuel J. Tamkin Q: My home is like most in our neighborhood: I owe more than what it's worth. I would continue to live in my...
Hard-money lenders and the fix-and-flip game
By Ilyce Glink and Samuel J. Tamkin Q: I enjoyed reading your story about on how distressed property REO investments may undermine housing markets. I am the marketing director at...