A ThinkGlink reader had accepted an offer on her home when the buyer’s mortgage company said the property was worth less money. Ilyce explains what this seller can do in order to salvage this deal.

By Liz Morris

Wachovia announced this week that it has achieved one million new credit card customers since relaunching its credit card business last summer. The one millionth customer got 250,000 Wachovia Possibilities Reward points, while the first 999,999 cardholders got no special treatment whatsoever.

If one million cardholders does not seem like an outrageously high number, it becomes more impressive when considering that Wachovia has mainly focused on marketing its cards to existing customers, versus the common practice of many card issuers in which consumers are inundated with mail offers.

Wachovia had previously been issuing credit cards through a joint marketing agreement with MBNA, but terminated that agreement in November 2005 shortly after the announcement that Bank of America would acquire MBNA. Wachovia re-entered the credit card business in July of 2006.

By Liz Morris

Following on the May 23rd announcement that partner lenders would now be accepting its credit cards for mortgage payments, American Express has added IndyMac Bank as its second partner in the endeavor. IndyMac Bank, the second-largest independent mortgage lender, will start accepting American Express this summer for those taking out new mortgages or refinances, and who enroll in the Express Rewards Mortgage program, which requires a $395 fee as part of the mortgage closing costs. American Home Mortgage was the first partner announced as part of the new program.

Click here for our previous coverage giving more detail on the Express Rewards program.

By Liz Morris

Women’s clothing retailer Cache has launched the Cache Visa, which is offering five points for every dollar spent at Cache and Cache Luxe stores or at cache.com and one point per dollar on purchases elsewhere. Cache Visa cardholders will receive a $25 Cache gift card each time a total of 2,500 points is accumuluated. New cardholders alse get a bonus 1,000 points after their first purchase with the card. The Cache Visa is being issued in partnership with US Bank.

Cache, Inc., which describes itself as offering “sophisticated, social-occasion sportswear and dresses targeting a woman who has a youthful attitude, is self-confident and fashion-conscious, and requires a missy fit,” operates 294 Cache and Cache Luxe mall stores.

Potential Cache Visa cardholders can apply for the credit card at www.cachevisa.com.

A ThinkGlink reader inherited 3/4 of her mother’s property and her nephews inherited the rest. Ilyce explains how to come up with a fair buyout price so she can own the entire property.

A ThinkGlink reader is renting out their home. The current tenants will not allow him access to the home to show to potential buyers. Ilyce and Sam give the homeowner some tips for working with his tenants.

A ThinkGlink reader bought a home and had a professional home inspection. After buying the home and moving in, he has discovered structural problems. Ilyce and Sam explain what recourse this homeowner may have.

A ThinkGlink reader comments on a previous article about property being passed on after a death in a family. Ilyce explains tenancy by the entirety.

A ThinkGlink reader currently rents an apartment and is thinking of buying a condominium. Ilyce explains under what circumstances a person should continue renting rather than buying.

Ilyce understands how it can be overwhelming and confusing to understand your exact closing costs. Read this article to understand everything from underwriting fees to junk fees.