Banks offering up to $35,000
to Homeowners to Avoid ForeclosureAccording to CNN Money, Short Sales make up one out of four homes that are sold in today’s market. A short sale is an excellent option to avoid foreclosure. The banks will approve the sale of their home for less than what is owed on the home and usually forgive any unpaid debt. Best of all, their mortgage lender picks up the cost of the sale including real estate agent commission and closing costs.
Banks have begun to offer huge cash ‘relocation assistance’ funds – as much as $35,000, to help struggling home owners who need to sell move on to their next location. The relocation assistance money is not a loan.
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