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$1000 Incentive to seller completing short sale

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Real Estate Broker/Owner with KTHOMES, LLC 100002367

Yes, it's true.  I was very surprised to learn on my recent FHA/HUD Preforeclosure Sale (short sale) that the homeowner can receive up to $1000 to close a short sale on their property rather than letting it go through foreclosure. The lenders are very open to doing a short sale rather than a foreclosure.  Better for all involved.

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Chris Dowell
ReeceNichols Olathe - Olathe, KS
Dowell Family Team

I have had a few lenders give money to the seller, but not all. Lately, I have had fewer lenders give the seller money during a short sale. 

Jan 08, 2010 11:22 AM
KAREN THOMPSON, GRI, REALTOR
KTHOMES, LLC - Frederick, CO
Colorado Homebuyer Pro

Yes, FHA/HUD will also pay up to 1% toward's the buyers closing costs if the new buyers do an FHA loan.

Jan 08, 2010 11:43 AM
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