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What Seller Incentives are Offered by GMAC?

By Regina P. Brown

Real Estate Broker/Owner with MBA Broker Consultants CalBRE Broker #00983670

December 07, 2011 06:57 AM

I keep a list (it's very short) and would like to update it. Which lenders / banks are giving sellers financial relocation assistance? Sometimes it's known as seller incentive or cash for keys.

Specifically I am trying to find out what type of Cash 4 Keys program that GMAC offers. Here's the list I started wtih various programs I'm aware of, but couldn't find anything on GMAC.

SELLER INCENTIVE PROGRAMS

HAFA - $3,000
Bank of America - $2,500 - $5,000
Wachovia - $3,000 - $5,000
Litton - $3,000 - $5,000
Citi - up to $35,000
Chase - $20,000 to $35,000 (may be combined with $3,000 HAFA incentive)
(TAP) Transition Assistance Program (Keep your Home California program) - up to $5,000 max. (most big banks not participating)

Please post here any banks that have a seller incentive program, or any news you find out about GMAC!

Thank you,

Regina P. Brown
California Coast & Country Homes, Inc.
Broker / President

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Carlotta Remong

Berkshire Hathaway HS N.E. Prime Properties - Newport, RI

Regina, Chase seems to be offering a very large seller incentive compared to the other Banks, it seems rather unusual.

Dec 07, 2011 07:08 AM

Melissa Zavala

Broadpoint Properties - Escondido, CA

Broker, Escondido Real Estate, San Diego County

SPS offers big cash on some short sales. Add that to your list.

Dec 07, 2011 10:08 AM

Regina P. Brown

MBA Broker Consultants - Carlsbad, CA

M.B.A., Broker, Instructor

Carlotta, yes Chas and Citi have huge incentives.

Melissa, thanks for the update! Let me know if you hear anything about GMAC.

Dec 07, 2011 11:00 AM

Anonymous

Florina

Great topic, Carlotta! Are those incentives available for short sales as well? You mentioned about Keep Your California Home. I have HAFA with BofA, they agreed with HAFA incentive, noTAP.

What about tenants in foreclosure with Fannie, they get cash for keys at th eend of the lease? How much?

Dec 08, 2011 05:06 AM

Hi Florina, it sounds like you have some great questions, please email me and I can answer some of your concerns. Go to my home page and click "email". Thanks, Regina

Dec 11, 2011 10:06 AM

What Seller Incentives are Offered by GMAC?

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Regina P. Brown

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