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HUGE Incentive for Short Sale

By
Real Estate Broker/Owner with Colleen Coleman. Broker

FORECLOSURE = ZERO

SHORT SALE = Up to $30,000 for You!!!

Did you know that some banks (Chase and now Bank of America) are giving HUGE incentives to homeowners if they choose to short sale a home rather than let it foreclose?

I just got an email from Bank of America a few days ago explaining the program.  It’s called a Streamlined, Cooperative short sale, and it has a number of key advantages for the homeowners.

  • The homeowner is guaranteed a payment of at least $2,500 and UP TO $30,000 if you qualify for this program.  This is called “Relocation Assistance.”
  • The program requires very, very little in the way of paperwork.  It’s not necessary to gather 2 years of income tax returns, bank statements, pay stubs, hardship letter, and a financial statement.  You only have to fill out 3 very simple documents.

The best part of this, is that in California, there are no deficiency judgments.  That means if a short sale is approved, there is no balance due.  The short sale lenders approve the short sale and forgive the balance.

So if you are having a hard time with your loan and want to discuss a short sale, please call me at 909.972.0041 or email me at  docrealtors45@gmail.com.   Again, remember that there is no cost or obligation for this FREE consultation.  And all costs involved in selling your property are paid for by the lender.

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Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

interesting read Colleen. Certainly some valid incentives for pursuing the short sale

May 31, 2012 11:51 PM