No. of Recommendations: 1
Also, to CCinOC- would you mind explaining the idea of "short sale incentive"? I'm afraid I'm missing it.

Many lenders are PAYING homeowners to move out of the house to allow for a short sale. Yup--at the close of escrow, a distressed homeowner can receive up to $45,000 as an incentive to avoid foreclosure.

There are articles all over the internet about this phenomenon. Short sale incentives are no urban legend.

The booty has increased to $45,000.

You need to find a real estate agent who knows about this, as the incentive must be built into the contract that is submitted to the shorting lender.
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.