Jim Sells The Suncoast: Buying and Selling Real Estate in Sarasota, Manatee County, Tampa, Port Charlotte, and Beyond

Short Sales, Foreclosures, and What Homeowners Need to Know with Crystal Golm

Jim Ahearn

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Short Sales, Foreclosures, and What Homeowners Need to Know with Crystal Golm

What happens when a homeowner owes more on their mortgage than their home is worth? What are the options if making the mortgage payment becomes difficult? And how does foreclosure really work in Florida?

In this episode of Jim Sells the Suncoast, I sit down with real estate attorney Crystal Golm of Golm Law to break down the often misunderstood world of short sales, foreclosures, loan modifications, and distressed properties. Crystal explains these complex topics in plain English and shares practical advice for homeowners who may be facing financial challenges.

We discuss the differences between short sales and foreclosures, how lenders typically respond when payments are missed, the importance of communicating with your bank early, and why sticking your head in the sand can make a difficult situation much worse. Crystal also explains deficiency judgments, credit impacts, tax considerations, foreclosure auctions, and common mistakes investors make when purchasing distressed properties.

Whether you're a homeowner concerned about rising costs, a buyer considering foreclosure opportunities, or simply want to better understand today's market, this episode provides valuable insight into a topic that is becoming increasingly relevant across Florida.

Key Takeaways:

  •  What a short sale actually is 
  •  How foreclosure works in Florida 
  •  Loan modifications and other alternatives to foreclosure 
  •  How missed mortgage payments affect credit 
  •  Understanding deficiency judgments 
  •  Tax consequences of short sales 
  •  Risks of buying foreclosure properties 
  •  Why communication with your lender is critical 
  •  Common mistakes homeowners and investors make 
  •  When to contact an attorney for help 

Connect with Crystal Golm

Golm Law Firm
📞 (941) 538-7700
📧 crystal@golmlaw.com
🌐 Golm Law Firm

Connect with Jim Ahearn

For Florida Suncoast real estate information, market updates, and home buying or selling advice, connect with Jim Ahearn, Realtor.

Jim Ahearn, Realtor®
NextHome Excellence
📞 941-713-3099
📧 jim.ahearn@gmail.com
🌐 JimSellsTheSuncoast.com

A Personal Note from Jim:

Hey there, I’m Jim Ahearn, your go-to real estate guide and host of Jim Sells The Suncoast podcast! 🎙️✨ Dreaming of Florida life? I’ve got you covered! As your dedicated buyer's agent, I’ll handle everything from walk-throughs to closing, making your home-buying journey as smooth as a Florida breeze.

Whether you're local or tuning in from afar, I’ll bring the Suncoast to you with virtual tours and expert advice. Let’s chat about your dream home and I'll connect you with all the right people to make it happen.

Ready to move to paradise? Drop me a line – I can’t wait to help! 🌴🏡

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