Main Content

Short Sale Incentives Surprise Homeowners With Potential Cash At Closing

Hello everyone Toni Patillo here with Toni Patillo and Associates talking with you today about possible incentive simply for completing a short sale. I use this blog to keep Southern California homeowners up to date and informed on all of their real estate options in this ever changing housing market. If you are struggling to pay your mortgage or simply need to sell your home fast please give me a call or visit my website to get in touch with our team of real estate experts.

As the number of foreclosures continues to drop we are seeing more and more homeowners in Southern California completing short sales. This is partially due to the incredible incentive programs popping up for homeowners. Some of these short sales even feel like regular equity sales due to the vast incentives offered to homeowners. Homeowners are receiving up to thirty thousand dollars from their private lender simply for completing a short sale. Lenders like Bank of America, Chase, and Wells Fargo are paying homeowners with loans that are owned and serviced in house thousands of dollars simply for having an underwater mortgage. Some of these homeowners are not even required to have a hardship on their property so long as their mortgage is severally underwater. For homeowners who have a mortgage that is owned by Fannie Mae or any other government entity there are also programs you can qualify for. These short sale incentive programs will offer you relocation assistance and possibly tax breaks if you qualify.

If your home has no equity and you are considering selling make sure to speak with a real estate pro about all of your options. You could find yourself walking away from the closing table with money in your pocket! Thank you for your time and I look forward to helping you in the future with all of your Southern California real estate needs.