Yeah, you read that right. I just closed a short sale with Chase where the seller received a $30K incentive to do the short sale. I could not believe it was really going to happen but sure enough, closed yesterday and title company sent my client the check.
I have closed others with incentives but not this much.
Anyone else get their sellers large incentives?
Thanks
Guy Giuffre
Tags:
Guy,
Great Job!
Who was the investor? What state was the property located in?
I'm trying to determine if there is a rhyme/reason for these.
Thanks, Kevin
nice work and congrats...we are working on one with Chase and same thing...client got a letter offering them $30k.....I could not believe it myself, but, I got a copy of the letter, called in, and, as you too can now confirm, 100% true....
nice work.
Not sure on the investor.
Property is in Santa Clara, CA.
Not sure why they did it. The seller received a letter from them stating the incentive but I figured it would be one of those deals that they would say "sorry, you don't qualify for that program".
Very smooth and fast transaction too. I submitted the package on 2/18 and we closed 3/30.
Guy
Guy, what HUD line did you use and what did you call the incentive. Appreciate any information. Glenn
Hi Glenn,
My title officer put it on line 1303 and just called it a seller incentive.
We have since closed another one where the seller received a $35K incentive.
Good luck
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.