Talk Credit Radio With Gerri Detweiler

What is a short sale and how do they work? Eric Greenstein, aka "Doctor Short Sale" joins me to share his knowledge about short sales. A real estate professional in Sarasota Florida, he has helped many homeowners sell their homes successfully this way. We discuss: - 3 reasons why it can be dangerous just to walk away from your home; - How short sales work and how long it takes to complete one; - What you can do if you need to sell but also need a little more time in your home; - The process and what kinds of documentation you'll need; - Short sale incentives, or how you may be able to leave with money in your pocket; and - How deep pocket investors can help the process move quickly. We also discuss buying a home in a short sale, including the difference between an REO property and a short sale; and how you can buy one of these homes for at a discount. This episode aired live March 5, 2013.