Property sales are slowing down in certain areas of the country, due to rising home prices and increasing mortgage rates, and as a result some homebuilders are looking at new and more innovative ways of luring buyers. According to the article in the Wall Street Journal, some are introducing cash incentives while others are offering
Mixed Response to Short Sale Cash Incentives
January 6, 2012 by
A number of real estate professionals have said that cash-back incentives designed to tempt delinquent borrowers into a short sale rather than foreclose on their homes are proving to be ineffective, because lenders aren’t clear on who can qualify for the scheme
Short Sale Incentives For Cash-Strapped Homeowners
June 29, 2011 by
Two of the nation’s biggest lenders are giving away cash rewards to struggling Florida homeowners who agree to stave off foreclosure by doing a short sale instead, according to reports in the Florida Sun-Sentinel. Wells Fargo and JP Morgan Chase haven’t made any official announcements about the initiative, but indebted homeowners have reported that
