I have a potential listing where the mother of a borrower is inquiring about a short sale. The property needs work and is vacant and the mother is the only heir per the probate filings.
The mother is asking me if there is any incentive to her going through with a short sale. I mentioned that there is a HAFA program but if I remember correctly, the house has to be occupied.
Is it possible for lenders to pay incentives to heirs to complete a short sale? How would I find this out?
Thanks for any help.
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i have a similar situation , in this case the deceased owner left no will , just debts , the only heir is his baby moma , she would like to take over the payments , get a modification so her son can have a home . I can put the petition into the courts but their is a fee she don't have .
Did this go through probate and she was name the executor of the estate? There likely will be no incentive from the bank on this one for her since it is not occupied.
Feel free to contact me anytime at 310-564-6389 if you need anything at all.
Brett@ishortsalenow.com
www.ishortsalenow.com