Banks Paying Delinquent Borrowers to Sell Their Homes
NEW YORK (CNNMoney) — In an effort to cut their losses, banks are paying some struggling homeowners as much as $35,000 to sell their homes before they end up in foreclosure.
The deals are aimed at incentivizing homeowners who owe more on their home than it is worth and who are seriously delinquent on their payments to sell their homes in a short sale.
Read more at Banks paying delinquent borrowers to sell their homes.
Tags: avoiding foreclosure in ma, foreclosure news in ma, ma short sale, underwater homeowners in ma
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Lew Corcoran
Licensed Real Estate Professional
Certified Short Sale Guide
REO Asset Professional
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