Selling Poinciana One Property at a Time.: Your Lender May PAY You To Short Sale Your Property!

Your Lender May PAY You To Short Sale Your Property!

florida short sale broker


I know it’s hard to believe. But it’s still true. You may qualify for a cash incentive*** from your Lender to do a Short Sale.

***These programs are not available to all Sellers and the incentives may vary from State to State.

Here are the Short Sale Incentive Programs that I am aware of:


HAFA. Home Affordable Foreclosure Alternative. Lender will pay the Seller $3,000 as a Relocation Assistance. Only for primary residences.

FHA PFS. HUD Pre-Foreclosure Sale. Seller can receive $1,000 for relocation assistance. Just yesterday I received FHA PFS approval increasing the seller incentive to $4,000!! Only for primary residences.

Chase Short Sale Incentive Program for select Borrowers offering them up to $35,000 to do a short sale.

Bank of America Co-operative Short Sale. From $3,000 to $20,000 Short Sale Incentive.

Citi Bank, Wells Fargo and Ocwen also have programs available for select home owners. Amounts vary from $3,000 to $35,000. Most are in the $5,000 range.

Folks if you are behind on your payments be sure to open any and all mail you receive from your lender. It could very well be an offer to Short Sale your property. These offers are usually time sensitive and require immediate action on your part.

But why would my Lender pay me to do a Short Sale? That’s a good question. For one, it less expensive, for them, for you to cooperate during the Short Sale process and maintain the property than it is for the Lender to foreclose and get an abandoned property back. Also, the Lender does not want you to continue living in the property for free. They would rather pay you to do a Short Sale now than have you live there for another year or so while deciding what to do. The incentive gets you to take action.

Whatever their reason is.....iIt’s a good opportunity for you. Any questions?

Are you under water on your Florida mortgage?

 

Contact Bryant Tutas

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

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***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

 

 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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Comment balloon 7 commentsBryant Tutas • November 05 2011 10:14AM

Comments

Dear Broker Bryant -

What if you have led the homeowners to water and they are so angry and so disgusted that they are not able to even see the possibility? Won't even consider any pro-active actions ...  Really sad for me ... 

Have a happy day -
Lynn (in GA)

Posted by Lynn B. Friedman, Concierge Service for Our Atlanta Sellers & Buyers (Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ...) almost 8 years ago

Those are all probably great programs. It still takes forever to get thru all the paperwork. 6 months on an offer with B of A. Still getting request for more stuff. Yes if we get there seller will get $3000. Next issue will be inspections. Seller is tired of it. So am I. 

Posted by Bill Reddington, Destin Florida Real Estate (Re/max Southern Realty) almost 8 years ago

we really need to stay on top of this in order for our  clients to take advantage of these opportunities.

Posted by Ronald DiLalla, No. Orange Cty Real Estate (Century 21 Discovery DRE 01813824) almost 8 years ago

Bill. A BofA co-op short sale requires nothing but a hardship letter, contract and HUD. Chase is the same. Very smooth and very quick. If you have any issues with a BofA file use the twitter team @BofA_Help  tell them Broker Bryant sent you to them. They are awesome.

Most of our short sales get approved in 60 days or less. Now HAFA is a different story. They suck!!!

Posted by Bryant Tutas, Selling Florida one home at a time (Tutas Towne Realty, Inc and Garden Views Realty, LLC) almost 8 years ago

Lynn, We can only do so much. Some sellers will be foreclosed on. Usually from frustration or lack of participation.

Ronald. Things change so quickly it's difficult to remember all of these programs.

Posted by Bryant Tutas, Selling Florida one home at a time (Tutas Towne Realty, Inc and Garden Views Realty, LLC) almost 8 years ago

Yes, hard to believe sometimes, but it's true.  Just gave $10,000 to a Chase short sale customer, working on a $20,000 one with B of A.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) almost 8 years ago

Bryant...excellent post, sometime and incentive is just what a homeowner needs in order to get back on track and rid themselves of their underwater home!

Posted by Goran Utvic, We Buy & Sell Chicago Houses Fast (606 Homes LLC | Chicagoland Brokers Inc, Chicago IL 60656) almost 8 years ago

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