Make Money By Short Selling Your Home

Does earning money while short selling your home sound appealing to you? If you are underwater on your home or having trouble making your mortgage payments, you should consider contacting a local Denver short sale realtor to find out more about short selling your home. Right now might be the best time to do so, especially if you have a mortgage with Chase bank. Currently, there are tax breaks on forgiven debt that apply to most homeowners that short sell their homes, but some lenders, like Chase, are also offering monetary incentives to homeowners that short sell their properties.

Lenders are beginning to realize that they lose less money if they allow a short sale instead of foreclosing on a home and that’s why some of them are starting to offer monetary incentives or relocation assistance to their underwater homeowners. Even after offering large amounts of money and allowing the short sale of the home, they are still losing less money than they would have lost had they foreclosed on the home. Chase is actually reaching out to their homeowners and encouraging short sales by sending them letters offering them money and full deficiency waivers if they agree to short sell their home. The “relocation incentives” that we’ve seen have ranged anywhere from $5000 all the way up to $20,000. Some short sale realtors in the area have even stated some of their customers have received $30,000-$40,000.

If you are interested in short selling your home, now is the time to contact a short sale realtor to see if your lender is offering any monetary incentives or relocation assistance for short selling your home. Take advantage of this situation while it’s still happening because there’s no telling when the generosity of your lender may change. Get in touch with a Denver short sale realtor today to find out more.

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