north kingstown short sale agent: Why do RI Short Sales? Rhode Island Real Estate Does it All
- 07/16/12 08:30 PM
Why do RI Short Sales? Rhode Island Real Estate Does it All. The beginning of this post came about after Bryant Tutas did a post about doing short sales and conventional sales...a little of this and a lot of that! Everyone thought he only did short sales. Well that hit a nerve with me immediately. I wondered whether that had become true of how I was viewed as a North Kingstown real estate agent? Certainly in my real estate office I am the go to person for short sales. But I also do regular sales...A lot of regular home sales for … (11 comments)
north kingstown short sale agent: Real Estate Inventory-South Kingstown RI Short Sale Update -April
- 04/18/12 12:08 AM
Real Estate Inventory -South Kingstown RI Short Sale Update - April.The number of South Kingstown short sales is remaining constant over the last few months with an uptick of one. Some of the short sale number increases . Short Sale Choices in South Kingstown are due to the fact that homeowners are finding themselves in a financial vice due to hardships, divorce, medical expenses, loss of jobs, etc. As this North Kingstown short sale agent knows, the short sale process can take a number of months to close. There are great RI real estate deals to be made if one has the patience, the right short sale agent for … (7 comments)
north kingstown short sale agent: Short Sales Inventory – South Kingstown RI
- 04/17/12 10:05 AM
Short Sales Inventory - South Kingstown RI The number of South Kingstown short sales has increased a bit over the last few months. Some of the short sale number increases Short Sale Choices in South Kingstown are due to the fact that homeowners are finding themselves in a financial vice due to hardships, divorce, medical expenses, loss of jobs, etc. As this North Kingstown short sale agent knows, the short sale process can take a number of months to close and having the focus for both buyer and seller is important. There are deals to be made if one has the patience, the right agent for guidance and a good … (21 comments)
north kingstown short sale agent: Pricing Short Sales – Low as they Go- High as the Sky
- 02/18/12 07:35 PM
Pricing Short Sales – Low as they Go- High as the Sky. In the world of short sales, pricing is one of the keys to unlocking the door to a good transaction with the bank…along with the number of loans, who are the investors and servicer of the mortgage, is it investment property or owner occupied and more. Focusing on pricing short sales is important and as a seller you MUST know it.
It is apparent in Rhode Island that many short sales are not priced correctly to sell and get a bona fide offer from a good buyer in a reasonable amount of time. Recently there … (16 comments)
north kingstown short sale agent: Timing of a Short Sale in 2012
- 12/26/11 09:54 PM
Timing of Short Sales in 2012. In talking about the Mortgage Debt Relief Act of 2007, every month we are getting closer to the deadline of December 31, 2012 when this act will expire. Well Bob Hertzgog, my Arizona associate, explains in detail how this act will impact you as a seller if you are still thinking about selling your home as a short sale . Right now if you are a homeowner who short sales your primary residence, the Mortgage Debt Relief Act of 2007 will allow the ‘forgiven’ debt by the banks to be non-taxable income (read IRS publication 4681 … (17 comments)
north kingstown short sale agent: Bank of America Now Sharing Borrower Financial Information With Franchises...Are They Nuts?
- 11/22/11 10:21 AM
Coming to a struggling homeowner near you in Rhode Island real estate. This has been going on for some time but now is starting to be rolled out nationwide to these two franchises. What is Bank of America thinking when they share financial and personal information of customers with agents the client has had no contact with, did not contact & may not be their choice of representation in a short sale?!! The short sale homeowner has a right to CHOOSE who they want as a short sale agent to represent them all the time! This is almost like coercion...this North … (11 comments)
north kingstown short sale agent: Selling Your Home as a Short Sale- Where do You Start?
- 11/21/11 10:01 PM
Selling Your Home as a Short Sale- Where do You Start?I am asked this question as a North Kingstown short sale agent via email or phone calls a couple of times a week so I thought I would share some basic steps to take to move forward and start the short sale process. As potential sellers it is important to have your financial information in order so you are ready to go when you speak with a short sale agent. GOOGLE short sale agents in your area and talk to them about your financial circumstances with your home.Be prepared to address … (17 comments)
north kingstown short sale agent: Bank of America - Can You Hear Me Now!?
- 11/13/11 12:12 AM
Bank of America - Can You Hear Me Now!? No Verizon and Bank of America are not merging- let me put that rumor to rest. But some things they definitely have in common. Lack of customer service. One thing about a RI short sale is that when you work with an effective short sale team, you will get the client's home short sold and avoid foreclosure. As North Kingstown short sale agents, I work on this every day, field questions from potential clients on RI short sales and be there for my sellers. Bank of America has just been frustrating lately … (15 comments)
north kingstown short sale agent: Sometimes there is no Amazement Why a Home went into Foreclosure in RI
- 11/07/11 10:10 PM
Sometimes there is no Amazement Why a Home went into Foreclosure in RI. You have to wonder about all the nice folks who lose their homes of no fault of their own but due to a short sale gone awry, loss of a job, hardship, divorce, medical issues, etc. BUT much of what I am seeing are due to being drug houses, homes that never had homeowners paying their mortgage or homeowners who put amenities in that just put them over the money edge. Why would someone put in a 6 person hot tub just before losing their home to … (19 comments)
It was a grueling two days for my buyers who have been waiting on the well known Freddie Mac asset manager to really sign a highest and best purchase and sales agreement on one of their foreclosures in RI. We have been waiting 2 1/2 weeks for the purchase and sales to come back. All held up over $30...yes, you heard me right...Freddie Mac decided that the contribution to closing costs was a wee bit over what they wanted to allow...or the asset manager had a retribution day and my buyers were the ones who … (13 comments)
north kingstown short sale agent: Does Being Heavily Endowed Allow You Certain Advantages as a Homeowner?
- 07/14/11 11:31 PM
Does Being Heavily Endowed Allow You Certain Advantages as a Homeowner? No, no not that kind of endowed now... no trash talk here people. I mean home wise and mortgage wise for sure and especially if you have a home with a mortgage over $417,000. Since short sales are steadily increasing in my North Kingstown area and around RI, I found this a newer revelation. A leading foreclosure watch site (foreclosureradar.com) noted that in studying foreclosures of over 150,000 homes over the past 3 1/2 years that banks strategically wait significantly longer to foreclose on a home with higher mortgages than … (30 comments)
north kingstown short sale agent: Another Pending North Kingstown RI 02852 Home Sale by Ginny L. Gorman- 19 Glenwood Drive
- 07/03/11 12:35 AM
Another Pending North Kingstown RI 02852 Home Sale by Ginny L. Gorman- 19 Glenwood Drive . This one level ranch in North Kingstown RI for $190,000 was the right one for the buyers. With a top rated school system and ease of highway access, this ranch is in the right location to sell. Well maintained and cared for this 3 bedroom, 2 full bath home with eat in kitchen with dining area flowing to the living room with fireplace, den with cathedral ceiling and wood stove all on one floor. Vinyl sided with replacement insulated windows makes the outside carefree. Newer roof, septic and … (11 comments)
north kingstown short sale agent: 19 Glenwood Drive North Kingstown RI 02852 home for sale - Priced to Sell -North Kingstown RI Home for Sale
- 06/26/11 11:13 PM
19 Glenwood Drive North Kingstown RI 02852 home for sale - priced to sell -North Kingstown RI Home for Sale . Looking for that right one level ranch in North Kingstown RI for $190,000 ? With a top rated school system and ease of highway access, this ranch is in the right location to sell. Well maintained and cared for this 3 bedroom, 2 full bath home with eat in kitchen with dining area flowing to the living room with fireplace, den with cathedral ceiling and wood stove all on one floor. Vinyl sided with replacement insulated windows makes the outside … (17 comments)
north kingstown short sale agent: Burden of Proof- Seller's Thankfulness- Short Sale Gone Right
- 06/23/11 10:50 PM
Burden of Proof- Seller's Thankfulness- Short Sale Gone Right. So all I can say is that some short sales are extraordinarily hard due to the banks, lenders, investors, attorneys, buyers, sellers, realtors but at the end of the day the burden of proof is the seller's thankfulness. It was another North Kingstown short sale success for a seller who hung in there with the North Kingstown short sale agent of their choice. Remember what a short sale is? A homeowner owes more on their house than it is worth and can no longer afford to pay the mortgage due to a … (22 comments)
north kingstown short sale agent: Short Sale my Home - So How much will it Cost Me?
- 06/08/11 11:42 PM
Short Sale my Home - So How much will it Cost Me? This is truly like deja vu it seems almost everyday with me as a conversation similar to this unfolds with a prospective homeowner client about doing a short sale on their home. The homeowner is underwater on their mortgage, has a financial hardship (due to loss of job, illness, divorce) and has unsuccessfully tried to obtain a loan modification on their mortgage. It is painful...I say really painful to hear again and again from homeowners looking for a solution. As a North Kingstown short sale agent I can see … (17 comments)
North Kingstown RI 02852 Real Estate Market Report for May 2011 is as follows: 11 North Kingstown homes have been sold in the past month: 4 homes sold over $400,000 3 homes sold for between $300,000-$400,000 4 homes sold for under $300,000 There were 215 North Kingstown homes for sale in May 2011 which was a 11 % increase over the prior month (21 more homes for sale). The increase in home inventory benefits the home buyers looking for homes at the start of the summer. Why do I continue to share … (11 comments)
north kingstown short sale agent: North Kingstown RI Short Sale Homes for Sale - North Kingstown Short Sale Agent
- 05/31/11 11:30 PM
North Kingstown RI Short Sale Homes for Sale - North Kingstown Short Sale Agent. The Memorial Day weekend has come and gone and the number of North Kingstown short sales has increased fourfold since last month. Some of the increase is due to the fact that the Banks are taking longer to negotiate the sale or the last buyer decided to walk away from the offer. As this North Kingstown short sale agent knows, the short sale process takes a number of months and having the endurance for both buyer and seller to hold on is important. There are deals to … (10 comments)
Why do RI Short Sales? Rhode Island Real Estate Does it All. 
;)
;)
;)
