Florida Foreclosure Help in Hollywood, south Florida short sales

In their desperation to get non-performing loans off their books, banks like Chase and GMAC are offering incentives to homeowners to do a short sale.

“Cash for Keys” is where the banks, like Chase, will pay the homeowner $3,000 has been around for awhile for deed-in-lieus but now the banks are encouraging more and more homeowners to do a short sale and offering a financial incentive!

The banks have too much inventory and too many more properties still coming into foreclosure over the next 4 years, so they are looking at other ways of moving the properties, like short sales, instead of  foreclosing.

This new approach to cash for keys is a great opportunity for homeowners who want to get out from under a mountain of debt and not have to worry about a deficiency judgment (as long as the short sale is done properly).

Chase Short Sale Help

Related posts:

1. Short Sales From The Home Affordable Foreclosure Alternatives Program–Will More Short Sales Be Offered In 2011?
2. Short Sales, Foreclosure and House Prices for 2011
3. Florida Foreclosure Mediation Options – Part 2: Short Sales