Banks Offering
Unprecedented Cash Incentives to Homeowners in Danger of Losing Homes to
Foreclosure.
ELMWOOD
PARK, NJ – 11/19/12 – Distressed homeowners in Bergen County can now take advantage of historically
unprecedented cash incentives to sell the home they can’t afford. Because of
the unique nature of today’s market, new bank and government programs pay
relocation incentives to homeowners who undergo a foreclosure alternative –
most commonly short sales.
“For the banks,
this is a case of simple math,” says Elizabeth Garcia,
CDPE Coldwell Banker – Garden State Homes. “The costs incurred in a
foreclosure include maintaining the vacant property and advertising the
property themselves. Typically, the home sells for less than it does in a short
sale.” Because of this disparity, most major banks offer thousands of dollars
in order to entice distressed homeowners into proactively seeking a solution.
Bank of
America, Chase, Citibank and Wells Fargo all offer thousands of dollars in cash
incentives, and some amounts can go as high as $30,000. “The great part about
this for homeowners is that a short sale often ends up being better on credit
reports than a foreclosure, so receiving cash is just a bonus they receive for
engaging in a solution that helps them out in the long run,” said Garcia.
As a Certified
Distressed Property Expert (CDPE), Elizabeth Garcia
is knowledgeable of the entire landscape of foreclosure avoidance options and
is distinctly qualified to negotiate with banks and help financially strapped
homeowners regain peace of mind and a sense of stability for the future.
Elizabeth Garcia has developed
a free report entitled “Short Sale Incentives: Why the bank will give you cash
to sell the home you can’t afford” that is accessible from her website, www.NorthJerseyHouse.com
About
Elizabeth
Garcia - Coldwell Banker - Garden State Homes
25
Broadway (Highway Route 4) Elmwood Park, NJ
201-794-7050
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