The owner of this Bellevue home lost his job and was quickly depleting his savings. He was forced to sell his home short. We approached Chase, his lender, to see if the homeowners qualified for the bank’s short sale cash incentive program. Chase agreed to qualify the homeowners and set the price of the home at $638,941.
Washington Property Solutions marketed the home at the bank-approved price, successfully brokered the short sale, and also negotiated with Chase to get 100% of the seller’s debt forgiven. The seller also got a bonus: a $35,000 cash incentive paid to them at closing by Chase.
Lenders, including Chase and Bank of America, are paying significant cash incentives to encourage sellers to do a short sale and avoid foreclosure. The programs are for a limited time. If you have a client who is considering a short sale, this may be the incentive they need to move forward. Find out more about how short sale cash incentive programs work.
Here is more information about how we work with homeowners.
Are you considering a short sale? Call us at 425-381-2233 to find out if you qualify for cash incentives.