There are a lot of Short Sale Incentive programs out there these days!
Of course, there is everyone’s favorite—HAFA which gives the seller $3,000.00 at close of escrow. Then, there is also the Bank of America Cooperative Short Sale Program which we closed recently and got the sellers $2,000.0o, there’s TAP, and there are even short sale incentives offered by such banks as Citi, Wachovia, and Litton Loan Servicing. But, the biggest short sale incentive of all and the one that is getting the most media hype right now is a short sale incentive program offered by Chase Bank or CitiMortgage.
In this program, homeowners (who receive letters in the mail from these banks) can receive anywhere from $20,000 on up (just make sure that you are opening your mail and responding by the dates in the letter). In fact, sometimes this incentive is combined with the $3000 HAFA short sale incentive.
With as many homeowners out there who need to avoid foreclosure, we’re happy that they are helping out, that’s big bucks!
If you want to see if your bank is participating in one of these programs, just send us an email at email@example.com