Originally posted by bladerunner
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keepsmiling
Believe it or not, here in NJ at least one bank- Chase! - has offered a $3000 bonus for completing a short sale. It's called a Home Affordable Foreclosure Alternatives or Borrower Relocation Incentive. Plus some other bonuses involved.
Believe it or not, here in NJ at least one bank- Chase! - has offered a $3000 bonus for completing a short sale. It's called a Home Affordable Foreclosure Alternatives or Borrower Relocation Incentive. Plus some other bonuses involved.
first i call chase and ask can we do a short sale since the house was on the market 10 months with nothing....they give me to the short sale dept....i get all this info saying....just get a contract with a number on it and have your real estate agent summit it and we will decide...i asked them no i want to "lower" the price now since the listing price is just covering the mortgage and the commissions...chase said no...contract first...their decision second...and most likely their denial thirdly.....
well, after knowing that we just lowered the price anyway...thinking even if we had to come to the table and bring money.....chase said NO you can't do that either...but that was then...now maybe things have changed ...i know when we first thought about moving we checked out short sales since in this area the houses appears to being for nothing...however, after speaking with numerous real estate people in this area, they said either they never were working out or held up with the banks for months upon end....
i do hope maybe the banks might be beginning to allow and pre approve some of the inventory in this country for the short sales so no more places become ghost towns!
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