Homeowners have mortgage but no deed
Q: Eighteen years ago, my husband's aunt bought a house for us to live in. The payments and deed are in her name; however, we make the payments, including insurance...
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Great opportunities for refinance should last a few more years
You can stop worrying that you're going to miss taking advantage of historic low interest rates. They'll be around for at least another three years. The Federal Reserve announced Thursday...
Well off, but stuck in underwater condo
Q: With all the creative geniuses in the U.S. such as Bill Gates, Mark Zuckerberg and the Google guys, why is there not even one innovative, out-of-the-box genius to help...
Clearing up misconceptions about the FDIC
Q: In a recent radio show, Ilyce took a call from someone who asked what worries her about the economy. She talked about the upcoming presidential election, the Euro Zone...
Mortgage interest rates hover near all-time lows, but window of opportunity won’t last forever
Mortgage interest rates dropped again this week, hovering near all-time lows, according to the Freddie Mac weekly primary mortgage market survey. This week, the 30-year fixed-rate mortgage averaged 3.55 percent,...
Parents seek to solve son’s dilemma with underwater house
Q: I have heard you many times on the radio, and last year you were kind enough to respond to an email question regarding foreclosures. Here is another true-life situation,...
Qualifying for HARP
Q: Long story short, my house is underwater. I am currently talking to my mortgage company for a HAMP or HARP. I collect Social Security disability as my only source...
Homeownership ranks are thinning
What percentage of Americans own their own homes? It depends on how you count. The officially tally is about 65.5 percent. But according to Sean Fergus, a manager with John...
HELOC impedes refinance
Q: I recently attempted to do a FHA streamline refinance and was denied because I have a home equity line of credit (HELOC) that is maxed out. The lender told...
IRS must release lien before short sale can proceed
Q: If my bank approves a short sell for my house but I have a federal tax lien for underpayment of taxes in 2008 and 2009, can I sell the...