Lenders Paying Borrowers To Do Short Sales
Lenders find cash for short sales may cost less than a foreclosure
Lenders are allowing more short sales by financially strapped homeowners and a few people are even getting cash to complete the sale.
Short sales are when lenders allow borrowers to sell homes for less than their unpaid mortgages. They are an alternative to foreclosures.
Short sales have been increasing for months, but the financial incentives — which Realtors say are random and infrequent — are a newer wrinkle.
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Lew Corcoran
Licensed Real Estate Professional
Certified Short Sale Guide
REO Asset Professional
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