One of the country’s major banks recently issued a letter to one of my clients stating, and I quote: “You may be eligible for $20,000 to short sell your home.”

If you’ve been considering a Brea short sale and receive a letter like this from your bank, make this decision your top priority. Banks aren’t known for handing out their own money, so this action indicates they have reason to believe you will become a foreclosure casualty. Based on your payment history, they recognize your difficulties and realize the negative equity is NOT going away any time soon.

In the meantime, MANY FAMILIES live in a state of anxiety,anticipating the bank’s foreclosure and knowing they will eventually be forced out.  This process is stressful on the part of the homeowner and costly on the part of the bank – most likely to the tune of $20,000.  Therefore, getting out in front of it is a business decision for both the homeowner and the bank.

The great thing about this program is that it expedites a decision and helps a family relocate to a new home. Most people in this situation fret over the cost to relocate. The federal government program, HAFA, assists with a $3,000relocation disbursement but the aforementioned bank is taking matters into their own hands to help their troubled homeowner make a decision. Kudos!

Once I close this transaction, I’ll provide details on the transaction experience with my client. In the meantime, should you have any questions, please don’t hesitate to contact me.

Stay tuned!