Have you considered listing your home on the Venice short sale market but aren’t sure that right now is the best time to do so? Well, Venice short sale specialists want you to know that there couldn’t be a better time to do so than right now. Currently, there are a number of different programs sponsored by the government as well as various lenders that offer incentives to homeowners completing a Venice short sale on their home.
The first of these programs is HAFA, which is through the government. HAFA can be a very good program for you to be a part of for many different reasons. It completely releases you from your mortgage debt, has less of a negative impact on your credit score and you are eligible to receive up to $3000 at the closing of your home. Your lender will also work with you to determine an acceptable selling price for your property.
Many lenders, such as Chase, Wells Fargo and GMAC, are also currently offering monetary incentives to those homeowners that sell their home on the Venice short sale market. The eligibility requirements for these lender-specific programs are different, so it’s best that you consult with your Venice short sale expert to see if you qualify.
Lastly, the Mortgage Forgiveness Debt Relief Act is still in effect until the end of the year allowing homeowners that complete a Venice short sale to be exempt from paying taxes on the forgiven amount.
As you can see, there are number of lucrative and money-saving opportunities waiting for you should you choose to complete a Venice short sale on your home. You may also be wondering if you can take advantage of all three of the awesome programs and Venice short sale agents say that, yes, you can participate in all three of these. For further information, consult with your Venice short sale expert as soon as possible to see what short sale incentive programs you qualify for and take advantage of one of the best times to sell your home on the Venice short sale market.