Can I get cash back if I short sell my home?

March

27

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Can I get cash back from my short sale?

YES! If you short sell your principal residence, you will likely qualify for a relocation assistance cash back incentive. How much depends on the investor of your loan:
SHORT SALE RELOCATION ASSISTANCE INCENTIVES BY INVESTOR:

FHA

$3,000

VA

$1,500

Fannie Mae

$7,500

USDA

$0

Freddie Mac

$7,500

Private Investors

$0 - $10,000

There are some general requirements for receiving cash back incentives from your lender in a short sale:
house short sale
  • Property must be owner occupied (no investment loans).
  • Sellers must first use the relocation assistance funds to satisfy outstanding fees such as back due HOA, judgement liens, past due water/sewer liens. 
  • Sellers who have been identified as having to contribute cash to their short sale do not qualify for relocation assistance.

We've settled hundreds of short sales with sellers receiving relocation assistance, and we can help you! 

Minna was the best thing that happened to us in a very long time. We’ve been planning on moving from on house and on with our lives and the house was simply an anchor. We’ve had two liens on the house that would take a long time to cure and we were forced to sell the house to settle with the bank. I’ve looked around for someone who specializes in short sales, not just an agent that did 2-3. The process took a while, but Minna was super persistent, and her strategic approach was close to none. We lost two buyers, got push backs from the bank and lien holders and she was able to stay on top of it and at the same time, she kept us afloat emotionally. Because of her, we were able to leave CT and move to FL where we are currently waiting for our new place. Warm thank you to Minna and her team for doing what they do best. Marcin with family.

MARCIN

Last Updated on March 27, 2024 by Minna Reid

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