Thursday, October 22, 2009

Sell short, get $1500 in closing costs

Sell Short, Get $1,500 in Closing Costs, as reported by Realty Times, the U.S. Treasury is poised to announce a finalized plan to expand mortgage relief efforts to include short sales. Under the Making Home Affordable Home Affordable Modification Program (HAMP), the Treasury is expected to announce a $1,500 closing cost incentive for those who agree to short sales or deed-in-lieu deals. The Treasury will also pay the lender $1,000 for accepting a short sale or deed-in-lieu deal.