Do You Really Need to Short Sale Your Home?
It may be the struggling homeowners ultimate $64,000 question because that is the amount this potential homeowner is 'underwater' between current home market value to market sales price I have before me. It appears that it will be a short sale. Yes, there is a hardship for this family but one of them could make the payments but really not be able to live beyond that.
There is now only 1 income where there use to ge 2 now in this family. So in setting up all the requirements, needs, steps and hard questions for doing a North Kingstown short sale, I have to be sure all routes have been explored. There is soul searching and economics in this decision to perhaps stay in this house. I need to make sure the Bank can and will do a successful loan modification for the one seller who wants to stay in it or a short sale.
In some cases I have found a few local banks willing to step forward and adjust the interest rate down by more than half of the current rate to make it possible to stay in the home quickly. Not often, but sometimes. It is always worth exploring for a homeowner.
Loan modification is an option I want sellers to consider, talk to me if you need help on these options to sell and we can have a frank discussion on what you can do. If a short sale is the right move for you, I will gladly guide you with my North Kingstown short sale agents team in the right direction with the best representation. In fact whether or not you have an underwater home you are considering to sell, I will represent you to the fullest.
My hard earned good reputation is important to me to keep. The right advice should not be hard to come by. Give me a call today, Ginny Lacey Gorman at 401.529.7849.
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 RI real estate are her specialty, so call Ginny for your buying and selling home needs. 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 RI Waterfront 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 RI and beyond ... I sell dreams! Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.
Looking for a knowledgeable Rhode Island Real Estate Agent? Let me GOOGLE one for you!
cell: 401.529.7849 Ginny Lacey Gorman, Realtor