For homeowners that are on the fence about completing Venice Short Sales you may want to consider the numerous incentive progams when making your decision. At Ton Patillo and Associates we have been helping homeowners avoid foreclosure for years and have plenty of experience with federally sponsored and private short sale incentive programs.
For most homeowners considering Venice Short Sales a little help while selling their home would certainly go a long way. Homeowners who have lost their job or don’t have the income to pay all their bills are faced with the fear of moving expenses or hefty tax bills from a short sale. Thanks to federally sponsored programs, including HAFA, HAMP, and the Mortgage Debt Relief Forgiveness Act, these homeowners in need can receive just the help they need simply for completing Venice Short Sales. The HAFA program is for homeowners with a loan backed by Fannie Mae or Freddie Mac and provides up to three thousand dollars in relocation assistance along with a deficiency waiver from your lender. This money has no strings attached and can be used to get caught up on bills or for a down payment on your next home. The deficiency waiver is valuable because it will protect homeowners from any legal action in the future from their lender. For homeowners concerned about the tax consequences of a Venice Short Sale the Mortgage Debt Relief Forgiveness Act is a huge relief. This Act of Congress allows homeowners to waive any additional taxes due from the debt forgiven through their short sale.
These are just a few of the great options you may qualify for simplying by completing a Venice Short Sale. Give Toni Patillo and Associates a call today to learn about taking advantage of the current housing market while also getting out from under your distressed property.