Hi Everyone,
What are the current lender credits available to Sellers?
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Comments
Hi Rhonda.
HAFA. Home Affordable Foreclosure Alternative. Lender will pay the Seller $3,000 as a Relocation Assistance. Only for primary residences.
FHA PFS. HUD Pre-Foreclosure Sale. Seller can receive $1,000 for relocation assistance. Just yesterday I received FHA PFS approval increasing the seller incentive to $4,000!! Only for primary residences.
Chase Short Sale Incentive Program for select Borrowers offering them up to $35,000 to do a short sale.
Bank of America Co-operative Short Sale. From $3,000 to $20,000 Short Sale Incentive. Ask about the Florida Enhanced Short Sale Program.
Citi Bank, Wells Fargo and Ocwen also have programs available for select home owners. Amounts vary from $3,000 to $35,000. Most are in the $5,000 range.