Seller/Homeowner incentives from Investor/Servicers
Hello Superstars! I have a dilemma. I have an agent in my market (Idaho) that is making a specific statement to the general public that has me thinking I am "out of touch" The statement is "Get $4,500.00 to Short Sale". The statement/ads have no disclaimer such as "certain restrictions apply" or "not all sellers will qualify" or even "call agent for details". This is VERY FRUSTRATING to me inasmuch as I am only aware of HAFA and FHA incentives. I know that from time to time in specific states the servicers and investors offer incentives that can be quite substantial. But I am not finding that any of my current servicers or investors offer anything above the standard as stated above. AM I MISSING SOMETHING? I we all have special contacts and things we do that are unique to our own business, but this is really bothering me as I might not be getting my sellers the benefits they deserve. I would gladly pay a "consulting fee" to learn this info if in fact there are incentives that I am not aware of. Please tell me I'm not up in the night, or share with me what I am missing.
Replies to This Discussion
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Permalink Reply by Wayne Brooks on
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It's just deceiving advertising, like "get up to $30,000 to do a short sale". While it only happens maybe 1 out of 500,000 times, and most certainly won't apply to the person calling, it may not actually be "false advertising".
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Permalink Reply by Wendy Rulnick on
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Jeff - VA Compromise Sales - sellers can get $1,500 relocation fee depending on the servicer, Bank of America COOP program states sellers get $2,500 to $30,000. The agent blanket-advertising this to anyone doing a short sale is just wrong, though, if there are no qualifiers.
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