$1,500 Credit Available to Sellers in Short Sale
Wednesday, March 10, 2010
by Nicholls Real Estate Group
As a part of the Make Home Affordable program, the Obama administration is trying to encourage lenders and sellers to consider a short sale as a way to avoid foreclosure. One of the most talked about aspects of the plan is that it makes sellers eligible for a $1,500 credit at closing. As well, the program offers incentives to the lender of up to $1,000. For an overview of the program, click here.