Naples Florida Short Sales - Is there a monetary incentive for the seller in a short sale? by Naples Florida Short Sales Expert, Benjamin Sovacool

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May 7, 2009, by Benjamin Sovacool in Short Sales

Naples Florida Short Sales Information Series

Is there a monetary incentive for the seller in a short sale?

Considering the lender is taking a financial hit on the sale of the property, they want to make sure the homeowner does not recieve monetary consideration from the transaction. If the loan is an FHA loan, put under contract and closes within the 90 day pre-foreclosure sale period, FHA will pay the seller a $1,000 incentive. If the property is under contract, but fails to close within the 90 day period the FHA will only pay $750.

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Naples Florida Short Sales Expert,

Benjamin Sovacool