Underwater or Under Motivated? Options to Rescue Your Property When You Cant (or Wont Pay) Pay

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

The Real Estate Guys

Investing, Business

4.6 • 704 Ratings

🗓️ 31 January 2010

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

TEAM of Experts & Guests Your Host, Robert Helms Co-Host and Financial Strategist, Russell Gray The "Godfather" of Real Estate, Bob Helms David Lies, Home Rescue Financial Services On this week's show we'll discuss: The Current State of the Art in Loan Modifications Common Misconceptions and Misunderstandings Who is an Ideal Candidate for a Workout or Modification? Understanding the 4 steps of the HAMP Waterfall The Two Things Lenders Require Before Modifying a Loan 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. Are you underwater or undermotivated? Today in the show, we're going to talk about some options to rescue your property when you can't or decide you don't want to pay. This is the Real Estate Guys Radio Network. I'm your host, Robert Helms.
0:16.0	This podcast is brought to you by audible.com, the internet's leading provider of spoken word entertainment.
0:23.5	Get a free audio book download of your choice when you sign up today.
0:28.7	Log on to audiopodcast.com forward slash real estate guys today for details.
0:34.9	Welcome to the Real Estate Guys Radio program. I'm'm your host Robert Helms, and we've got a
0:40.3	great show for you today. If your property is underwater or you're just undermotivated to make the
0:46.2	payments, what can you do about it? That's what we're going to talk about today. Some options to
0:51.1	rescue your property when you can or won't pay. Let's meet the guys our co-host Financial Strategist Russell Gray.
0:56.0	Hey, Robert.
0:56.5	Hey there. And also with us this week, the man we call the godfather of real estate.
1:00.9	He's been investing now in seven different decades. Bob Helms.
1:04.2	Hey, Robert, Russ. Good to be with you guys today.
1:06.4	It is always good to have you, gentlemen, here. We also have a great guest today. And we've talked for quite a bit this last year in 2009 about the world of loan modification
1:17.2	and workouts and the changing landscape and what's happened, of course, in the mortgage world.
1:22.9	And a lot of properties are valued today a lot less than they were.
1:26.3	So you've got all kinds of situations.
1:27.9	And we thought it was time for an update and there was some new information on the state of the
1:32.2	art of what's going on in this industry. Yeah, absolutely. It's a very, very hot topic.
1:36.3	You know, we've been, we put out a report over a year ago that's been by far and away our number
1:40.6	one most requested report. Obviously, there's a huge need out there. A lot of people
1:44.9	got on the real estate investing bandwagon and even the real estate homeowner bandwagon in
1:49.5	03, 05, and even into 06, and then all of a sudden just in a very unexpected way for many people,
	...

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