When a distressed homeowner sells a property for less than the amount due on a mortgage with the endorsement of the lender to a third party. All proceeds from the sale go to the lender and the seller is not permitted to experience financial gain from the short sale process although, during the housing crash, some subsidies for moving were permitted in some cases. Lenders may forgive the remaining debt or attempt to obtain a deficiency judgment against the borrower. In some states, the debt must be forgiven in order for the short sale to proceed.
THINK Podcast Featuring Glenn Brooks, President, Genstone Asset Disposition
Scott Ward sits down with Glenn Brooks, President of Genstone Asset Disposition, for a candid conversation on how capital, assets, and opportunity move in today’s market.
With 30+ years of experience, Glenn brings a front-line view of asset disposition — how deals get positioned, what separates a clean exit from a stalled one, and where the smart money is looking next. Scott brings 27 years and $1.5B+ funded across the Gulf Coast and nationwide. Together, that’s more than five decades of dealmaking in one conversation — cutting past the stage-talk and getting into how deals actually get done.
Whether you’re a real estate investor, an operator, or building on the lending side, this one’s worth your time.
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