Short Sale Sellers Getting Cash Back?

By
Real Estate Agent with Keller Williams Southern Arizona

Jerimiah Taylor Team Logo

 

Had you told me two years ago that banks would be writing checks to short sale sellers to walk away from their homes, especially big checks 10 and 20k, it would have warranted a hearty laugh and nothing further.  Now it's become a reality!

 

We recently closed two short sales with a well known national bank where the seller was an investor owning two homes in Tucson, AZ.  Not only was he able to complete the short sales with no deficiency or further worry of litigation, he actually received over 15,000 in cash at closing!!! 

 

It's interesting to me that a short sale seller can actually receive cash back when selling their home at a loss.  I feel like the banks have finally woken up from the massive hangovee pursuant to their drunken we'll lend to anyone spree.  It's as though the fog has been lifted for them to see that mitigating these losses pre-foreclosure is truly the best option.

Contact the Jerimiah Taylor Team today to find out if your lender will pay you to sell your home!

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Topic:
Home Selling
Location:
Arizona
Tags:
short sales

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Ambassador
1,230,337
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

There are so many short sale incentives available. It seems like a great way to go to avoid foreclosure.

Apr 30, 2012 11:41 PM #1
Rainer
136,597
Jon Eliason
EXIT Realty Advantage Pagosa, Pagosa Springs, Colorado - Pagosa Springs, CO

Jeremiah ~ Short Sales can be very beneficial to those wanting to get out while they still can.

Apr 30, 2012 11:46 PM #2
Rainmaker
1,372,244
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Avoiding foreclosure seems like it would be incentive enough, but cash back, too!!??

May 01, 2012 01:40 AM #3
Rainmaker
1,506,406
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

I never understood those homeowners who just left their houses or allowed them to go into foreclosure. Why not to call a realtor who specializes in short sales and will help you to go through the whole process( free service!) and even get some incentive or relocation cash?

Aug 13, 2014 05:10 PM #4
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Jerimiah Taylor

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