Short Sale Assistance with Relocation

Dated: 11/30/2012

Views: 895


Many consumers are unaware of the many benefits of a Short Sale, in the past the main benefits were the ability to “walk-away” free and clear of the deficiency.  Now many servicers and lenders are upping the ante, BIG TIME, by offering Relocation Assistance for Maryland Short Sales.

Bank of America, Chase, Citimortgage and Wells Fargo have various programs offering homeowners up to $35,000 in relocation assistance for Maryland Short Sales !

YOU READ THAT CORRECTLY YOU MAY RECEIVE UP TO $35,000 in Relocation Assistance for Maryland Short Sales !

Each Servicer/Lender has their own guidelines and obviously not everyone qualifies for a full $35,000 but $3,000-$5,000in relocation assistance for a Maryland Short Sale is very common.

So now the benefits of a short sale are not only the ability to walk away from your mortgage free and clear, but BANKS ARE GOING TO PAY YOU TO SHORT SALE YOUR HOUSE !

This Sounds too good to be true why would banks do this ?

This is a simple financial decision on behalf of the banks, they are not doing this because they are generous!  See the Maryland Foreclosure Process is very lengthy and costly, banks also know that if a homeowner vacates a property then the bank has to maintain the property, pay the taxes, cut the grass, etc..  Many times when a property is abandoned, bad things happen, vandalism, mold, theft, etc.  so the banks typically have to either make repairs to the property after foreclosure or they sell the property to an investor at a discount.

So the banks have figured out that it would be less costly to them to pay the homeowner Relocation Assistance for a Maryland Short Sale, rather than deal with the alternative.


Once again each bank has different guidelines when it comes to Relocation Assistance for a Maryland Short Sale so it is IMPERATIVE that you speak with a Maryland Short Sale Specialist to discuss your options.

Blog author image

John Newman

John graduated from the University of Maryland with a B.S. in Finance and started his career as a Financial Advisor with Merrill Lynch where he assisted high net worth individuals with their investmen....

Want to Advertise on this Site?

Latest Blog Posts

HomeBuyer Happy Hour At BigFish Grill In Crofton

Have a drink, grab a bite to eat and learn about real estate in a casual setting..Are you thinking about buying a home in 2018 and dont know where to start ?Do you want to learn more about Short

Read More

Selling A House 12 Selling Mistakes To Absolutely Avoid When Selling Your House

Selling a House is an art within itself that requires the necessary steps to getting your home sold as quickly and as effective as possible. Without following the optimal steps to selling your

Read More

5 Secrets To Creating Functional Spaces That Sell

5 Secrets to Creating Functional Spaces that SellYou’re searching for your dream home…day after day you look online and see the same boring, old spaces and nothing stands out to you.  THEN,

Read More

Follow These Tips To Get It SOLD Under 30 Days

Follow these tips to get it SOLD under 30 days When selling a home, you want a return on your investment. Most of us understand that to maximize our home’s value, we have to get it into tip-top

Read More