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To rest side is with us in Reno Nevada how -- -- -- your name.
That press -- good.
Can I have.
How they gave me for -- for taking my call -- I am calling my husband and I have.
Little ambitious and their real estate and but -- and now and I'm Colin -- couple questions about that about seven years ago we purchased the home.
At the bottom of the -- market.
And it just -- and I'm sure you've heard and it went up to look.
We've got a primary XP 2001 up to look 300000.
While and so we got -- excited and you know because they're 26 year old kid.
And they you know telling your -- PTA.
They bought some property -- -- out -- -- how.
And then we bought another house and took an equity out of that -- -- Can put down on the other how -- we sold it and made quite a bit of money out there that no matter how that we purchased.
And we bought it at the height of the market.
And we've got I think 304000.
That we put about 70000 down -- Philly how weird.
Pretty safe and but we -- And them the other day -- -- on the street -- underneath 5000 dollars my exact model.
And so why would foreclosure.
That struck down yeah about everything short -- and where we live right now and where about 45 minutes outside of Plano can you couldn't.
But not mortgages 17100 a month and then most that we could possibly -- different about a thousand.
-- I don't know what -- So we -- -- -- -- tell me you hope to who to lead to fifteen week we can't try any extra player.
While we were 12100 some right now.
And it pulled back -- -- inside again.
-- I know I ended I I I feel glad I felt like that that I have a healthy husband and he worked very -- heat he you have any other money.
Like we have to have home that we they'll -- you know what's that I was.
I hit it worth about a 185 -- with our market that we have on it.
And our home equity line that we -- out on it it's about the equivalent.
What about a land that you -- you should you balls from other property is it.
No we go -- that lamp -- my siblings three of us -- it together and and -- we haven't felt that we were only about it it'd hate for you were.
I'm about to fifty that we all women are meant for all of -- and I have streak -- three of us.
That's allowed seventy or eighty.
But we do we have thought about selling -- -- Because then we could get rid of a home equity -- get rid of -- about mortgage and just -- -- -- -- I think -- there -- I mean -- what was your household income.
He only 75000 year but then he decided that.
I didn't that he worked my -- weekend can he make it.
Between twenty and 38 year -- -- as well but he's a hard worker I'm very thing.
Open your full time mom.
I am I have to -- pro government -- now well.
The the problem what I'm fishing around your own and and try.
-- figure out if you go to short sale let the mortgage company is going to want you to pay the difference if you have the assets to do so.
Food -- in the only reason they give up on and -- off the difference in a short sale is if they perceive the person that.
That owns the house was being -- collectible book as you don't have any assets.
-- you got assets.
I know I know -- probably had a short -- gonna work.
You know I don't know what I would prefer.
Are you do is it is to cash flow the negative cash flow and give this thing time to turn.
Yeah -- defeated a thousand bucks a month that's 121000 bucks that's a lot less than a 100000.
And that -- gives you a year for the thing to turn around.
And you know let's try to feed it in if you can't cash flow the feeding -- you need to solve a lot.
And get your share out from your -- from your Brothers -- to have the cash to be able to feed this thing a little while so you don't take such a beating on it.
Yes we don't I get I did play it perfectly could we don't have to live right now.
I don't but not pointed out.
That particular house the one you're not living in the one that you're upside down -- right.
I am anywhere -- the one that well would that work.
Pretty much every include every now how many were -- -- We can't put the home equity line which we're paying 500 a month -- -- very happy for higher Adams and you can get out of -- them.
We could probably -- my happy to have the hang out but because of my -- actually got I think because if -- -- -- get.
Well that we can -- it and then we would -- -- -- one market.
And you sit there and went on that to recover and we wait TI and it will recover I mean it is -- I mean really it's not it's it was a little artificially high and now it's a little artificially low.
And somewhere in the middle is your reality -- -- somewhere above your mortgage amount is probably your reality so it's gonna come back.
If you don't panic and jump at you know at the bottom.
And the rule of roller approach for Shahzad is in play here no one gets hurt them.
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