Ep. 22 Short Sales with Lawyer Elizabeth Kayser

St. Louis Realtor Podcast

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 [email protected]

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.