Replies to This Discussion

Permalink Reply by Thomas Zdanowicz on January 30, 2014 at 4:20am

I know if it is an old Wachovia loan they seem to give more for the incentive.  Try to find out the original source of the loan and who is the ultimate investor of the loan.  If the current investor is not Wells Fargo than it may be tough

Permalink Reply by Jim McCormack on January 30, 2014 at 7:05am

Don't include the appliances in the sale price and then have the Sellers sell them separately to the Buyer.

Permalink Reply by Sharon L. Ellsworth on February 19, 2014 at 6:42am

Some States are offering some additional financial assistance for sellers doing a short sale.  Check with your state.

Permalink Reply by Kathleen Zito on March 21, 2014 at 10:50am

I just received a $3000 HAFA relo, and an additional $43,000 "seller relocation incentive" approval from Wells for my seller.

She had to complete the entire HAFA package and give all her financials, and more importantly she had to stay in the property (they checked every 2 or 3 weeks) and maintain it until closing.

I am still not sure what they based that figure on, my client had limited income, but they declined to explain to me how that figure was arrived at.  Good luck

Permalink Reply by Short Sale Superstars LLC on March 30, 2014 at 6:52pm

If it's going through a HAFA short sale, it's very likely they will only be receiving a $3,000 relocation incentive unless they qualify for some sort of additional special incentive. Typically this would be brought up by the negotiator that the homeowners qualify for this or the homeowners would receive some sort of solicitation. Some private investors offer special incentives on specific loans.

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