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The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

Coming Up Short, The Realities of Selling Your Property via Short Sale

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

The Real Estate Guys

Investing, Business

4.6704 Ratings

🗓️ 29 November 2009

⏱️ 57 minutes

🧾️ Download transcript

Summary

TEAM of Experts and Guests: Your Host, Robert Helms Co-Host and Financial Strategist, Russell Gray The Godfather of Real Estate, Bob Helms On this week's show we'll discuss: When to Consider a Short Sale When Selling a Property Your Lender’s Motivation and the Likely Timeline Choosing Your Short Sale Team Deficiency, Debt Forgiveness and the 1099-C What to Watch Out For in Today's Climate Please let us know what you think by writing a review on our iTunes page. Thanks!

Transcript

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0:00.0

Welcome to the Real Estate Guys Radio Program.

0:03.0

If you're like 25 million other people, your home is underwater.

0:07.9

So what do you do about it?

0:09.2

Today we're going to talk about the realities of selling your property via a short sale.

0:13.9

You're tuned to the Real Estate Guys Radio Network.

0:17.8

Welcome to the Real Estate Guys Radio Program.

0:20.5

Thanks for tuning in. I'm your host, Robert Helms,

0:23.1

and this week we're going to talk about what happens when you come up short. There's lots of folks

0:27.5

out there whose property is worth less than the loan against it. They're what we call underwater.

0:33.7

And one of the things you might consider is selling the property under what we call a short sale. So that's what we're going to talk about today. The realities of selling your

0:40.4

property short. First of all, let's meet our own short. Co-host, a financial strategist, Russell Gray.

0:47.6

Is that why I'm in this seat? I feel like a little kid sitting at the guy's desk.

0:53.4

See, what you don't know is right before you come in to do the show, I lower that seat down.

0:57.4

So that way you'll feel intimidated by me.

0:59.9

It's a wonderful life when James Stewart is sitting there with Mr. Potter and he's there and the desk is on his chin.

1:05.2

Exactly.

1:05.8

You know what?

1:06.1

You're not really shorter.

1:07.3

What's happened is you're wider because of Thanksgiving.

1:09.5

That's what it is.

1:10.4

Well, that's happening too.

1:11.5

Yes. So happy Thanksgiving. Hopefully you had a wonderful time with family and friends and food.

...

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