Explore Properties at Southern California: Real Estate Short Sellers With Incentive Programs in California

U.S. government and other seller incentive and assistance programs are available involving SHORT SALES in California. short seller incentives - <a href= www.OCpropertynews.com" src="http://activerain.com/image_store/uploads/8/6/4/0/3/ar130988799630468.jpg" height="65" alt="short seller incentives - www.OCpropertynews.com" style="BORDER-RIGHT: black 3px solid; BORDER-TOP: black 3px solid; FLOAT: right; MARGIN: 2px; BORDER-LEFT: black 3px solid; BORDER-BOTTOM: black 3px solid;" width="277" />

The U.S. government HAFA short sale incentive program would allow payment up to $3,000 to sellers at closing for relocation assistance.

The California Housing and Community development program has income limitation to qualify (Seller income must fall within 120% of the low-to-medium California HCD Area Median Income as defined by the California State Department of Housing and Community Development for a family of four). This short seller must write a hardship letter, and the loan must be in default or about to go into default.

If a seller qualifies for HAFA short sale, he or she might also qualify for the Keep Your Home California TAP program, which would pay seller up to $5,000 to move. Some (but not all) servicers have agreed to participate with the TAP program. If a seller is doing a short sale in CA with any of these lenders, he/she should consider signing up for the TAP program, and the following servicers are participating:

California Department of Veterans Affairs
CalHFA
Central Mortgage Loan Servicing Company
Community Trust / Self Help
Everbank / Everhome
First Mortgage Corporation
Flagstar Bank
GMAC
Guild Mortgage Company
Midland Mortgage Company
Saxon Mortgage Servicing, Inc.
Vericrest Financial

California home owner/short sellers should contact an experienced REALTOR® and find out about HAFA short sale and the TAP program and other short seller incentive programs now available.

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Source of some information ~ Elizabeth Weintraub, Realtor and short sale specialist, Sacramento, CA.

Harrison K. Long - solutions for real estate and business - REALTOR® and broker associate, GRI - Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com (email) - CA DRE 01410855 - SFR short sale and foreclosure resource certified by the National Association of REALTORs® - also now serving as a director at California Association of REALTORs®.