10 min listen
Crazy Sh*t In Real Estate with Leigh Brown - Episode #81 with Belinda Fulton
Crazy Sh*t In Real Estate with Leigh Brown - Episode #81 with Belinda Fulton
ratings:
Length:
12 minutes
Released:
Aug 18, 2017
Format:
Podcast episode
Description
Moral of today’s story: don’t ever share your title with your boyfriend or girlfriend. Belinda saw the frustrating effects of such a scenario play out while dealing with a short sale that just got WAY too complicated. In this episode, Leigh welcomes Belinda Fulton, a realtor with 25 years of experience working in the Cleveland area of Ohio. Please subscribe to this podcast in iTunes or in the Podcasts App on your phone. Never miss a beat from Leigh by visiting The Leigh Brown Experience. Time Stamped Show Notes: 00:21 – Introduction for today’s episode 00:35 – Leigh introduces Belinda 00:49 – Belinda started in real estate in 1994, marking her 25th year in the practice 00:55 – Belinda is in the Cleveland area 01:07 – Belinda also lectures in real estate law and pre-license education 02:20 – Belinda is sharing this story as a precautionary tale 02:23 – “You should never give a title to your boyfriend or girlfriend” 02:26 – There are short sales where foreclosure can happen at the same time 02:40 – The banks called Belinda about a foreclosure they needed to sell 02:47 – Upon checking the listing, it had a lot of issues 02:57 – The owner was alone on his mortgage, but he gave half of the title to his girlfriend 03:10 – Then, the owner met someone on the internet and went to California 03:17 – The girlfriend was left behind and she got married to someone else 04:04 – Leigh calls the story crazy plus two 04:14 – Belinda got a buyer with a good offer and was just waiting for the bank’s approval 04:25 – Belinda got a call from the title company, telling her that there’s a new name on the title that has lien and that it needs to get paid first 04:31 – It’s an IRS tax lien that belongs to the new husband 05:20 – The Dower law applies to the new couple 06:14 – The bank is holding some of the inventory of the house and it still hasn’t been fixed 07:00 – In the past, it’s easier to communicate with the local bank regarding short sales 07:39 – Leigh recommends that realtors to educate themselves before handling short sales 08:00 – As a consumer, ask other realtors about the situation before engaging in a short sale 08:42 – Belinda recommends for you to learn the agency relationships 08:51 – Take advantage of your onboarding training 09:56 – Belinda always tries to be in the buyer or seller’s position 10:18 – Reach Belinda by email 10:47 – Tweet Leigh Brown for your very own crazy story in real estate 3 Key Points Before getting involved in a short sale, make sure you are knowledgeable about the stipulations so you’ll be able to handle the ins and outs of the transaction. Girlfriends and boyfriends should never have a part of the title as you’re not legally together. As a realtor, understand agency relationships by heart. Credits Audio Production by Chris Mottram Show Notes provided by Mallard Creatives Cover Design by Two Minds Design Original Music by Rimsky Music
Released:
Aug 18, 2017
Format:
Podcast episode
Titles in the series (100)
Crazy Sh*t In Real Estate with Leigh Brown - Episode #7 with Russ Hensel: Summary: Think working as a home inspector is a cake-walk?—tell that to today’s guest, Russ Hensel, who’s been forced to endure some pretty brutal inspections including one where the home owner decided to punch him in the face. Please... by Crazy Sh*t In Real Estate with Leigh Brown