In these difficult and frustrating times, homeowners who owe more than their homes are worth now have a new avenue through which to receive relief from their mortgage payments. Banks are now offering homeowners up to $30,000 to sell their home through a Cooperative Short Sale Program.

This program is geared to help provide the quickest route to a short sale decision so that homeowners may explore all of their options and avoid foreclosure. Additionally, homeowners aren’t having to endure seemingly endless waiting periods as this program’s streamlined approach minimizes the frustrations often associated with traditional short sales. If qualified, your Bank will work with you and your agent prior to marketing your home to reach an agreement on the terms of the short sale, including the listing price.
The benefit: there are no surprises and you will be able to avoid the stigma and financial consequences of a foreclosure. Cooperative Short Sale Programs don‘t just offer cash. Additional benefits include: - The bank will not pursue the deficiency amount and will fully release the homeowner.
  • A list price is pre-approved by the bank up front, most often through a valuation on the property completed by the bank.
  • The program usually allows for a price reduction every 21 days, or until the property is sold.
  • Most cooperative short sales take just 30-45 days to negotiate.
  • And of course, these programs will put up to $30,000 cash for relocation in your pocket upon the sale of your home.
To find out if you are eligible for up to $30,000 paid cash from your bank in a Cooperative Short Sale Program, simply fill out the form and click “submit”.
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