July 24, 2014

GNN Supplemental 8/11/11: Lenders Offering Short Sale Perks

A supplement to this week’s Gold News Network Show… The nation’s leading mortgage lenders are extending extras for short sale transactions employed as an alternative to foreclosure.

Short Sale Perks From Lenders

The nation’s leading mortgage lenders are extending extras for short sale transactions employed as an alternative to foreclosure – both in the form of monetary incentives for borrowers and streamlined procedures for real estate agents. Wells Fargo has increased its financial relocation assistance to as much as $20,000 in states where the foreclosure process is lengthening. Bank of America is now allowing agents to submit a new backup offer for a short sale property if the original buyer has walked away. Lots of new changes and we do our best to keep you plugged in.

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