In this episode, Realtors Adam Kruse and Kori Hetzel talk to lawyer Elizabeth Kayser about short sales as a way to save a home owner's credit when they owe more than their house is worth.
Email questions to PODCAST@HermannLondon.com
Host - Adam Kruse https://hermannlondon.com/realtor/adam-kruse/
Co-host - Kori Hetzel
Guest - Elizabeth Kayser http://www.kayserlawfirm.com/
ITUNES-http://goo.gl/rs1q9X
Blog-https://hermannlondon.com/podcasts/
Website http://hermannlondon.com/
Facebook - https://www.facebook.com/HermannLondon/
Producer - Joey Vosevich
Theme Song by Trastornobeats
0:51 Adam introduces Elizabeth Kayser of Kayser Law Firm
2:12 What is a short sale
3:33 When did the term short sale become popular
4:36 Why do banks prefer short sales over foreclosures
5:30 Why are short sales still a thing
8:40 Will banks work with a homeowner that knows they will miss payments in the future
11:21 Is there a disadvantage to the buyer in a short sale situation
12:21 Why does a short sale buyer get a discount even below market value
15:08 What’s the difference when dealing with a bank versus a credit union in short sale situations
17:28 What happens when a homeowner 1st learns that their house is worth less than their mortgage
19:19 How did the Hermann London Property Management Company begin
19:47 What is the mortgage forgiveness debt relief act
23:33 Why should a seller or realtor use a company like Kayser Law Firm for short sales
26:25 Could you be fired for having a foreclosure on your credit history
31:00 Is it possible to be taxed on the amount of debt forgiven
32:10 What are the risks of doing a short sale without a lawyer
36:44 Why don’t more people know about what Kayser Law Firm does
38:12 What happens when you first contact Kayser Law Firm
39:27 Who lives under Elizabeth Kayser’s roof
40:27 Where is Elizabeth Kayser at her best
41:09 What are Elizabeth Kayser’s favorite books
43:00 What is Elizabeth Kayser’s guilty pleasure
43:10 Who are Elizabeth Kayser’s mentors
44:00 Short sales aren’t something to be embarrassed about; foreclosure is.
