Your Venice Short Sale Agent has great news for you when it comes to the potential for short sale incentives at closing. As the number of short sales continue to increase so to do the differnt short sale incentive programs. If you are struggling to pay to your mortgage or are already behind on your payments now is the best time to sell your home. And with the opportunity to receive cash at closing you could be missing out on free money.
Some of these short sale incentive plans are offered by large national lenders, such as Wells Fargo and Citi Bank, while others are government sponsored. When meeting your Venice Short Sale Agent make sure they have experience and know whether you will qualify. Short sale incentive programs run through your lender may require your loan to be owned and serviced by the same company. However, homeowners who qualify for these short sale incentives have received as much as fifty thousand dollars for completing their short sale. Programs run by the FHA or Fannie Mae have already helped thousands of homeowners thanks to their Venice Short Sale Agent. These government-sponsored programs, like HAFA, required your mortgage to be owned by Fannie Mae or Freddie Mac. The HAFA program provides relocation assistance to homeowners up to three thousand dollars at closing. Your Your Venice Short Sale Agent will also make sure your lender waives their deficiency rights if you qualify for HAFA. This waiver means your lender will not be able to sue you in the future for the remaining balance on your mortgage.
With mortgage rates at all time lows and great short sale incentive plans now may be the best time to sell your distressed property. Some homeowners have actually made money selling their home thanks to these programs. Make sure your Venice Short Sale Agent has experience with these programs to ensure you get the best deal at closing.