Short Sale is a Must - Time of the Essence. These are the words that came out of my mouth the other day with 
potential RI short sale clients. They reached out to me after finding my short sale posts. Can you help us make this Rhode Island real estate decision, they asked?
It must be your decision to
short sale your home. I can advise, layout the framework for the process, provide the advantages and disadvantages of the short sale process and have you decide...do you want a short sale or
foreclosure? You owe more on your mortgage and home equity than your home is worth ( knowing that it is a nice home, i can estimate sale price range). For me, the obvious choice is a short sale now.
The homeowners are confused, disheartened since the banks would not work with them or modify their loan, ask if they can just catch up the mortgage payments and then the REALITY discussion happens. You have fallen 3 months behind on your mortgage and equity loan and can not bring it current from the assets you have. You have received your
Notice of Default (NOD) from the bank. I need to stop the foreclosure process for you NOW, do you understand this I ask?
Time is of the essence right now.
Both of the homeowners are still having trouble processing their financial situation. Things happened that were beyond their control. I need to view the home I say, come up with a marketable price to get an offer, then into a purchase and sales agreement and get the
short sale process going NOW. The short sale is a must I tell them! Where would the money coming from to bring you current? Not sure, they say.
One of the sellers ask if they can think about doing the short sale for 3 weeks? You do not have 3 weeks now. The bank is moving forward on foreclosure steps. You really need to move forward and put the house up for sale. So I gave them the number of the short sale attorney I work with to call. They know him well.
Their financial advisor just told them it would be best if they sold their home now. They are not getting the time of the essence situation here. They are still not processing what has happened to their financial lives. But they need to process it all quickly. I know my team can help them.
If you are facing a similar financial RI home situation or have a family member or friend who is, have them call me at 401.529.7849 today. We need to talk about short sales because time may be of the essence for them too in the land of RI short sales. Short Sale is a Must - Time of the Essence.
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Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the North Kingstown RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal Rhode Island real estate are her specialty. If your considering Buying, Selling or Relocating to Rhode Island and need a real estate Professional it would be my pleasure to help you! When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.
As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.
This blog © and its contents is original to Ginny Lacey Gorman
Ginny L. Gorman a purveyor of Fine Waterfront RI Real Estate
Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich, Westerly RI and beyond ... I sell dreams! because there is no place like home...the RI Realtor in the Sparkly Red Shoes.
Looking for a terrific Rhode Island Realtor? Let me GOOGLE one for you!
cell: 401.529.7849 office: 401.884.4100 ext.268 Ginny Lacey Gorman, Realtor
www.RIHouseHunt.com
Ginny, You are the local expert and have experience with traditional sales as well as short sales. Consumers should call you to help them.
Yes, time is of the essence and waiting can be the worst thing they do. I'm glad they found you as you can really help them save the house before the bank takes it.
Good morning, Ginny..... all potential short sale homeowners would be wise to follow your lead....you're the North Kingstown RI realtor to call for Short Sales in your area..... your team is well versed in short sales and everyone has a function.
Ginny: You are the short sale expert...sure hope they wake up and realize time is not on their side right now.
Gita, struggling homeowners need to know there is help for sure..
Debbie, I am here always for discussion and help in the process but the homeowner needs to get moving on the process.
Barbara, support with a great team makes the difference too.
Anita, it is sad to continue to see the home struggles still going on here.
Ginny, you are the short sale specialist and if a seller has trouble paying the mortgage payment, this is an option that may be the best decision.
Ginny - if there's any Realtor who can get them out of the problem and into the solution, it's YOU! They are in the best possible hands with Ginny Gorman of North Kingston Homes for Sale!
Ginny, You called it like you see it and you're right. Time is of the essence.
Ginny I see two things here:
Be very careful this can really blow up into a mess that is bigger than it already is.
Joan, homeowners who have waited so long and have not reached earlier...well it takes awhile for them to get it.
John, it is a struggle.
George, that is why I told him they make their decision after they talk to the real estate lawyer who is their acquaintance...they think that they can just wait it out a bit longer & something miraculous might happen....
Ginny, I do hope they listen to you as you are the EXPERT.
Hi Ginny,
Sadly, I think this happens a lot because, as George said, people do not understand what is happening. I hope things turn out well for the couple in your story. Good luck and keep up the good work as a top North Kingstown short sale agent!
Hello Ginny,what more can I say..I agree with all their comments.You're definitely the right North Kingstown Short Sale Agent to call.Distressed and interested clients should really give you call.Best of luck and Have a great weekend!