In RI we call them Short Sails | Short Sales
By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
In RI we call them Short Sails | Short Sales. Whether you know the difference in homonyms between short sails and short sales, I am here to clear the rough waters of explanation. If you have a RI sailboat and are having trouble paying your personal loan, I can not help you much with your short sails....but if you have a Rhode Island real estate home payment issues, I certainly am here to keep you out of foreclosure. In fact a short sale is a much better alternative than foreclosure. Speaking to a few potential short sale clients his past week, I wanted to make sure these homeowners understood that walking away from their home was not the right solution for them. A foreclosure hurts your credit immeasurably for years, puts off buying a home with a Fannie Mae loan for at least 7 years...
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