Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate

Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
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Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate








Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate

 

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Short Sale Incentives:
Why Banks will Give You Money to Sell the Home You Can't Afford.

If you are a homeowner, there has never been a time quite like today.

Since the beginning of the foreclosure crisis, millions of homeowners have found themselves pinned in by their financial circumstances and chained to a mortgage in which they owe more than their home is worth. In the past, homeowners enduring these challenges had very few options, and most of them would either be forced to sell their home or lose it to foreclosure.

Today, however, there are more options. The government and the banks have created a multitude of programs and foreclosure alternatives that can help people in these circumstances find a dignified solution for their problems without crippling their financial future. These options include loan modifications, refinancing, or short sales.

But what really makes today a unique time for distressed homeowners is one simple fact:
Banks are now willing to give you cash to sell the home that you can’t afford.

You may be asking yourself: “Why would the bank be willing to pay me money?” and “How much money will they pay?” Let’s take a closer look.


“Why would the bank be willing to pay me money?”

This one is really simple. For the banks, it’s all about arithmetic. In a foreclosure, banks take the home from the homeowner and then sell it at auction. The banks get to keep the money they make at auction, but they also have to pay money on upkeep of the vacant property and expenses related to the sale.

For other options, like a short sale, the bank is not responsible for selling or maintaining the house because it is still owned by the original homeowner and it is the homeowner’s responsibility to find a buyer for the home. In almost every case, the final sale amount in a short sale is greater than the sale amount at a foreclosure auction.

Because of this simple fact, short sales have become the preferred foreclosure alternative for the banks. This is why they are willing to offer the homeowner cash to short sale their home: even with a cash incentive, the bank still recovers more money in the long run and the homeowner is able to walk away from their financial situation with some cash in their pocket and the opportunity for a fresh start.


    “How much money will they pay?”

    This varies from bank to bank, but the amounts can be surprising and almost every major lender

    Cash Incentives
     
    Bank of America
    $2,500 - $30,000
     
    Wells Fargo
    $3,000 - $20,000
     
    Chase
    Up to $35,000
     
    Citi
    Up to $35,000

Other smaller banks also have incentives, and there are even government programs (like HAFA and HAMP) that allow you to do a short sale and receive an incentive. The amount you receive depends on the value of your home and other determinations made by the bank, but today it is not uncommon for homeowners to receive thousands (or even tens of thousands!) of dollars, all while selling their home and avoiding foreclosure in a way that protects their future.

The bottom line for homeowners in danger of losing their home is that you have options! As a Certified Distressed Property Expert (CDPE), I am uniquely qualified to talk to them about your options, to guide you through the process, help you take advantage of the incentives that are available, and to help you save your home from foreclosure.

The clock is ticking, but there are more options available the sooner you start. The good news is you have already taken the first step. You are looking for the information that will help you change your situation. Take a look at my website. Go through the reports. Write down your questions and then contact me today and schedule your free, confidential consultation.

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What Is A Short Sale?
If you are struggling with your home payments, you’re not alone. An estimated one fourth of all U.S. homeowners are upside down on their mortgage—meaning they owe more on their home than it is worth – and millions are behind on their payments.

Often the best solution for homeowners in this situation is a short sale in which the bank agrees to accept less than is owed on the mortgage. The bank doesn’t want to foreclose on your home, and
short sales are more common than ever before.

According to the National Association of Realtors, 14% of all real estate transactions in February 2012 were short sales!

The situation is complicated and the stakes are high. Never has it been more important to have a local market advocate on your side.


Contact me today and let’s get started!
Jerry Lee Hatley
Re/Max Mountain Realty
P.O. Box 1351, Maggie Valley, NC 28751
cell: (828) 230-1082
email: jerryhatley@bellsouth.net

CDPE website: http://www.hosted.cdpe.com/167450/

 
 


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Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate

Short Sale Specialist: Jerry Lee Hatley
Foreclosure is NOT
your only option!

Short Sale Incentives:
Why Banks will Give You Money to Sell the Home You Can't Afford

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. read more.......

Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
   
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
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