Rhonda Duffy's Blog

If you are a Seller who has been thinking about Short Selling Your Property - READ THIS!   Bank of America is testing foreclosure waters with an incentive program for defaulting homeowners to “short sell” their homes instead of enduring a foreclosure, which can take years.   Almost unheard of fiv...

If you choose to do nothing when effort is required, expect gravity to pull you under.  ~ Rhonda Duffy When you have a predicament that has come upon you either by your choice or not, you must take action to get to the best possible outcome as quickly as possible.  Many homeowners are finding the...

1.  Bring them a willing and able buyer.2.  Prove your hardship.3.  Provide updated and complete bank statements with limited spending shown  for  non-essentials.4.  Take a patience class to help you sit around and wait.5.  Keep your buyer in place by inviting them to the home over and over for v...

Warning Signs That You Need To Do A Short SaleIf you are experiencing a period of time where you can’t pay your mortgage payment or you are short but are sending in your payments, you may need to do a short sale.  After a couple of months of non-payment or short pay, you will find that the penalt...

Okay, so you know that you need to short sale to save your long term credit and get relief from your mortgage debt.   Here some things that you should not do:1. Buy a large purchase like a car or boat.2. Transfer your money to someone else.3. Buy another property.4. Put small purchases on your cr...

When you purchase a new home, you do a punch list with the builder noting paint, sheetrock, trim and other items that need to be repaired before closing. You as the buyer and the builder (via his superintendent) will sign a list of things to be done between this time and closing, and unfortunate...

I am sure that you have heard this story before, but it bears repeating.  At a family dinner one day, the smallest of the girls in the house asked her Mother to tell her why she was cutting the ends off the ham.  Her Mother replied “I don’t know, we have just always done it this way.  Go ask your...

Okay, let’s face it, sellers who are doing a short sale are typically a little emotional and they can actually be a little hysterical.  But there are lessons that can be learned and learned quickly if you pay attention (or you read this article)!1. Get everyone on the title on the same page befor...

Here are some questions that my Rainmaker licensees posed to me on a recent quarterly call.  I had to think about these answers a long time before answering but I think the answers give some insight into what we all need to feel to continue, even in hard times.Q:  When do you think the market wit...

    Be Careful now that Fall is Here!  Snakes are Sneaky!  We live in a hiking area of the North Georgia Mountains and we are always cautious about snakes being out.  This time of the year they move slower and they strike because they are defensive.  When you are walking property with a buyer, pl...