While lenders have been unfortunately slow to act in granting desperate homeowners principal reductions or loan modifications that are actually affordable they are warming up to short sales as a solution to less foreclosed properties in their shadow inventory.
Short sales through HAFA (Home Affordable Foreclosure Alternatives Program) enjoy an incentive payment to the homeowner of $3,000! In addition we have been able to secure for several of our clients incentive payments from their lender at the successful close of escrow in the tens of thousands of dollars (as high as $35,000 from Chase)! Short sales will be a part of our real estate terminology for many years to come in the future and it seems that lenders are finally waking up to the fact that a short sold home is better for them financially than a foreclosed home.
Jason has a background in statistical analysis and data analytics with a bachelors and Masters degree in engineering from Cornell University. Jason focuses on assisting sellers, buyers, investors, and commercial clients to maximize their real estate goals. Jason aggressively negotiates and markets for each of his clients and has been recognized as one of the top agents in Sacramento, Placer, and El Dorado county.
Contact Jason Litchney by calling 916.757.6000. Managing Broker at StoneCrest Realty. DRE License # 01704911.
Latest posts by Jason Litchney (see all)
- Great News for interest rates – Fed decides to keep buying bonds. - September 24, 2013
- California Program for Short Sale Relocation Assistance (TAP) - September 5, 2013
- What the New FHA Guidelines for a Wait Time of 1 Year after Short Sale/Foreclosure/Bankruptcy Means for Sellers - September 3, 2013