Follow up! No more need for a smith!
At the advise of some of our members I went to Numrich and ordered the parts that I needed to fix my gun. and for ALOT less then what I was quoted by one of the smiths. The gun smith at DJ's said it would be about 220-250 to fix as he stated he would need to "re time" the cylinders, etc ???? Luckily, he was going on vacation and would not be able to work on it until June 1st, lucky for me because had he taken it, I would have had him do the work. But I took another look at it and realized it was only a bad sear spring. So I ordered the spring, and upon noticing that the guy who stole it also put the wrong bullets in it (.38 S&W round instead of .38 specials) I went ahead and also ordered a new Cylinder assembly. In less than 10 minutes, and less than $60 in parts I had them swapped out and the other day I took it to the range and it is in fact in perfect running shape! Not a single hick up! I simply dropped the cylinder assembly into the gun and it worked fine, so I don't know what that gun smith was talking about having to "re time the cylinder". Sounds like snake oil to me now.
Once again, thanks to all for the help!