Jim's short sale advice 1

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Uploaded by on Feb 5, 2010

How do you know if a short sale is right for you? This is PART ONE of a conversation exploring other options besides doing a short sale, and yes, it's an extreme example because not everyone has her water bill or extra guest house, but you get the point - examine all the angles, because once sold, you may never be a homeowner again.

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  • Great vid. I think you forgot the grand/mo for the water and netting the power if you go to a place half the size doesn't seem to follow. Cool seeing you go through the process though.

  • I love it when the mortgage is not only underwater, but the stock market portfolio crashing, and getting laid off all at the same time. And to top it off, when people had to liquidate their 401k in March 2009, to pay their bills missing their opportunity for the rally. I am so thrilled seeing that.

  • Forget the house - I'll pay $150k for the man cave!

  • Another great property. Luv the poodle! That water bill is more than my mortgage, what a beautiful yard though. Expensive SoCal living. Thanks Jim

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