Pending North Kingstown Short Sale | RI Housing Approved

Pending North Kingstown Short Sale | RI Housing Approved


Back on the Market at $130,000.  Buyer failed at final hour to get financing…this is what happens if you are not cash!  Did you say that 467 Ten Rod Road is another pending North Kingstown short sale for the seller?  This North Kingstown short sale home was done in record time with RI Housing approving the seller loans to short sell.  It

Pending North Kingstown Short Sale

This short sale in agreement in 6 weeks by Ginny Lacey Gorman

took pushing but I can say that my North Kingstown seller is extremely happy to be able to be putting this behind her.  Remember what a short sale is?  It is a sale that is ‘shorting’ the bank monies owed on a mortgage(s) loan.  The Bank or lender agrees to short themselves in order to get the home closed to reduce their monetary losses.

Pending North Kingstown Short Sale | RI Housing Approved


It is a RI short sale house waiting to be brought back to its day with vigor and oomph.


I have complained about how RI Housing has dragged their feet with other short sales I have done in the past couple of years but on this North Kingstown short sale they made it happen in 44 days!  This has to be a record for them!  My negotiator did a great job in getting the attention these loans needed to salvage my seller from foreclosure.  Better days are ahead for the seller once this loan closes.


This is a cesspool home and will not qualify for typical lending.  Seller will no longer consider 203k loans…this must be a cash offer to reach a sales agreement now.


As a southern Rhode Island short sale agent, my duties to my sellers are to get the house into agreement and get the lender to agree and negotiate to the terms of the short sale.  Sometimes it takes 6 weeks and sometimes it takes 4 months but my legal team works hard with me with making the closing happen for my sellers.  Thinking about a short sale, do not delay but call me at 401.529.7849 or email me at today.


Pending North Kingstown Short Sale | RI Housing Approved.


Ginny Lacey Gorman is your go to Rhode Island waterfront real estate agent for North Kingstown RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  Email me at to make an appointment to find the home of your dreams too!
Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard.  When you are in need of a real estate professional and specialist for your buying, selling or relocating needs and an internet savvy marketer who sells RI houses in this real estate market call Ginny at 401.529.7849.