Last month Chase Bank paid two of our clients a total of $55,000 in cash incentives to do short sales. May 10, one of our clients received a $25,000 short sale cash incentive, and May 29 another client of ours received a$30,000 short sale cash incentive.
Chase Bank offers these incentives to struggling home owners who can no longer afford their mortgages to do a short sale rather than letting the homes fall into foreclosure. More banks are realizing that this is a better solution for everyone involved.
For example, recently Bank of America announced a new program that offers struggling homeowners between $2,500 and $30,000 if they sell their home through a short sale. Last month we negotiated a large cash incentive with Bank of America for $10,000 for one of our clients to do a short sale. (The amount of the incentive depends on several factors depending on the home.) Now Chase is starting to offer more of these large cash incentives to distressed home owners.
Read more Chase Pays $55,000 in Short Sale Cash Incentives to Our Clients in May