Real Estate

When you owe more on your home than it’s worth you may want to do a short sale. In a short sale the bank forgives some of what you owe them. It’s more cost-effective for a bank to do a short sale than foreclose on a home.

Duration : 0:1:43

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10 Responses

1. 1uneek Says:
   February 28th, 2010 at 6:17 pm

   Short sales are a …
   Short sales are a headache and banks play too many games. You will wait and wait for an answer for months while you lose out on other deals. Dont expect them to follow your offer. They make their own rules. Beware.

2. tubeitnice Says:
   February 28th, 2010 at 6:17 pm

   I just watched the …
   I just watched the video that you have suggested and let me tell you it was a best and most informative tip ever. Very good suggestion. Thank you once again.

3. ExpertRealEstateTips Says:
   February 28th, 2010 at 6:17 pm

   @tubeitnice thanks …
   @tubeitnice thanks for watching and commenting. Don’t forget to watch the other short sale videos like “Pricing a Foreclosure or Short Sale”

4. tubeitnice Says:
   February 28th, 2010 at 6:17 pm

   I wish I could find …
   I wish I could find a broker like you to go work for. Very good explanation. Keep up a good work!

5. SharMess Says:
   February 28th, 2010 at 6:17 pm

   FYI I totaled up …
   FYI I totaled up ALL the money I paid over the 18 years on a mortgage! I’m not including all the money I spent on maintainance (like the roof, the water heater, the forced air system, the landscaping, the garbage disposal, the sinks, the flooring, the carpeting, the garage door opener, the new fense, paint, wallpaper etc…..). If I had put this money in savings, I believe I’d have much more money!!
   I’m glad I had my 3 houses, but I didn’t MAKE any money : (

6. SharMess Says:
   February 28th, 2010 at 6:17 pm

   FYI I totaled up …
   FYI I totaled up ALL the money I paid over the 18 years on a mortgage! I’m not including all the money I spent on maintainance (like the roof, the water heater, the forced air system, the landscaping, the garbage disposal, the sinks, the flooring, the carpeting, the garage door opener, the new fense, paint, wallpaper etc…..). If I had put this money in savings, I believe I’d have much more money!!
   I’m glad I had my 3 houses, but I didn’t MAKE any money : (

7. ExpertRealEstateTips Says:
   February 28th, 2010 at 6:17 pm

   Thanks so much for …
   Thanks so much for the compliment, @REAHoldingsGroup1. Ilyce

8. REAHoldingsGroup1 Says:
   February 28th, 2010 at 6:17 pm

   Great video! Very …
   Great video! Very informative. Keep up the great work in helping people in their stressful situations!

9. DrewDownsManagement Says:
   February 28th, 2010 at 6:17 pm

   Nice vid! We are …
   Nice vid! We are also marketing properties on YouTube and hope to create a huge network of many entrepreneurs and perhaps we can work together at some point. Your video get’s a 5 star rating from us…we hope you feel the same about our videos. Check us out “drew downs management”

10. RobertGary1 Says:
    February 28th, 2010 at 6:17 pm

    I wish they would …
    I wish they would have used a better term than “short sale”. In the finance world “short” means that you sell something you don’t own, then buy it back (hopefully at a lower price) when you have to give it back. We short stocks all the time.

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