Florida Foreclosure Help in Hollywood, south Florida short sales

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Following the example of Chase Bank, Bank of America, the nation’s largest mortgage servicer, is offering Florida homeowners up to $20,000 to short sale their homes in an effort to get them off their books.
This offer from bank of America was sent out via email to select Florida Realtors earlier this week outlining basic details of the plan.
There are some strict conditions, however, regarding eligibility and investor participation.  The  short sales must be submitted for …

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 …