North Kingstown RI Sold Home -Short Sale Closed.

North Kingstown RI short sales are here for awhile and my clients had worked with Chase Bank over the past months to do a loan modification on their North Kingstown home .  Nothing but promises from the bank and no satisfaction from the bank.  So they came to me and my North Kingstown short sale agents team to put their 19 Glenwood  Drive home on the market as a short sale.  We had an offer within 2 weeks.

RI short sales have been on the rise in the last few months given the economy and job loss that is being experienced by homeowners.  As a North Kingstown short sale realtor I am able to lend my expertise, experience and knowledge to RI homeowners struggling to pay their mortgage or have a hardship.

As North Kingstown RI short sales go we had all the paperwork back to Chase and we had a short sale approval in about 35 days at full listed price.  The short sale approval letter is what we wanted for them with no monetary contribution at closing.  It was on to the closing table …

There was a slight problem or i should say HUGE problem with the Buyer’s lender, Navy Federal Credit Union, on closing day.  NFCU kept promising the closing package was to arrive at the closing attorney’s office shortly and it did not come…attorney & buyer on the phone….  We get the call to be there at 5 pm….closing documents are still not in the attorney’s hands.  Buyer gets no satisfaction from the NFCU loan officer.  NFCU was not on it…their explanation- we have alot of refinances we are doing, you will need to be patient.  Hello, we have a short sale approval letter that says we must close today and yet you, the buyer's lender, have pushed it off for 2 days!!

Incompetence might be an explanation for a lack of closing order that short sale closings should be done before refinances don’t you think… As North Kingstown short sale agents, I had received a short sale extension closing date until Tuesday the following week just in case we needed to pull that rabbit out of the hat.  Buyers and sellers expected to close today, trucks were loaded, movers scheduled….

The closing documents arrive finally at 6 pm for the buyer with a wrong loan amount from his bank!!  Back & forth, my sellers signed the documents they needed and knew they would be back to sign again…the buyer agreed on the mortgage amount to get the deal done. 

It is Monday, the deed is recorded, the sellers are free and clear and the buyer can move in to his North Kingstown RI short sale home that closed late.  Sellers are happy with me! North Kingstown RI Sold Home -Short Sale Closed.

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Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the Washington County 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.