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The Ramsey Show Highlights

We Bought a House With a Hidden Secret

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 26 December 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Today's episode features Ken Coleman & George Kamel. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. 💸 Budget for free with EveryDollar: Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.3

Mike is in Phoenix up next. Mike, welcome to the show.

0:10.5

Hello, how are you doing? Doing pretty well. How are you?

0:14.0

Doing good. Thanks for taking the call. I'm listening to you guys. I'm surprised I got a call in or you know was able to get

0:22.6

accepted so that's cool welcome yeah thank you so throughout my life been a pretty good

0:29.2

saver followed Dave Ramsey's path and was at baby step four but currently it's not looking good.

0:39.9

Purchased the house last year, and it found out that it's filled with mold,

0:47.7

and it's pretty bad as far as options. Um, so right now my family, we're looking at, uh,

1:01.0

possibly having to walk away from the home, um, just because kind of ran out of options.

1:09.8

And just, you know, I like, I love listening to you guys all the time.

1:13.4

So I just figured, you know what, maybe they might have some advice on maybe some next steps to take.

1:20.2

What are your current walkaway options?

1:22.6

What does that look like?

1:25.3

Short sale.

1:28.5

Just because, you know, foreclosure would be an option, too, but short sale is definitely a

1:37.1

better option from what?

1:38.1

How much damage is it?

1:39.5

What is the, are you getting quotes on what it would take to remediate or fix it?

1:44.3

That's correct.

1:45.4

Yes, it's pretty extensive.

1:47.8

It's, I'd be so underneath, you know, upside down in the house if I were to do the repairs.

1:54.6

Is it everywhere?

...

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