HARRIS REAL ESTATE UNIVERSITY | Short Sale, Cash At Closing Programs

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Education & Training with Tim & Julie Harris® Real Estate Coaching

Short sale today…get paid BIG.

How Big?

In some cases an owner who does a short sale will literally receive a check from their (previous) lender for $10,000..$20,000…$30,000+

From the New York Times:

Chase, for instance, has been quietly offering as much as $35,000 to homeowners who are “upside down” on their loans — meaning, they owe more than the home is currently worth. In a short sale, the lender allows the sale of the home for less than the loan amount and often relieves the borrower of any further obligation.

The incentives began late last year and are available nationally, a Chase spokesman said. Why would the bank want to pay more money to a homeowner who hasn’t been keeping up with the mortgage payments? It generally wraps up the transaction much more quickly, and leaves the home in better shape for resale. “A short sale generally produces a better and faster result for the homeowner, the investor and the community than a foreclosure,” the Chase spokesman said in an e-mail. Chase has completed more than 140,000 shorts sales since the start of 2009. The program is continuing.

WARNING: Short Sales – love em or hate em, they’re here to stay! Go beyond the basic short sale designation. Watch the FREE Short Sale video and download the FREE Short Sale training guide.NOTICE: Free book guaranteed for first 100 agents only.

READ THE COMPLETE LIST OF ALL BIG BANK CASH AT CLOSING PROGRAMS HERE
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