Gainesville Virginia - Homes for Sale - Short Sales - Making Homes Affordable $1500 Closing Cost Incentive for Sellers
By Linda Coffey, Your Haymarket & Gainesville Area Expert
(Long & Foster)
Gainesville Virginia - Homes for Sale - Short Sales - Making Homes Affordable $1500 Closing Cost Incentive for Sellers Gainesville Virginia - Homes for Sale - Short Sales - Making Homes Affordable $1500 Closing Cost Incentive for Sellers. According to Reality Times the Treasury, under the Making Home Affordable's "Home Affordable Modification Program" (HAMP) is expected to announce a $1,500 closing cost incentive for those who agree to short sales or deed-in-lieu deals (deed is transferred to the lender, avoiding the more costly foreclosure proceeding). The Treasury will also pay the lender $1,000 for accepting a short sale or deed-in-lieu deal. Currently there is a provision to pay second lien holders up to $1,000 to relinquish their claim on properties. A Short Sale occurs when...
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