Banks Offering Unprecedented Cash Incentives Up to $35,000 to Homeowners in Danger of Losing Homes to Foreclosure

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Sylvia Corralejo with Home Options 4U comments on how distressed homeowners in Los Angeles county can now take advantage of historically unprecedented cash incentives to sell the home they can’t afford.

Home Options 4U

Bank of America, Chase, Citibank and Wells Fargo all offer thousands of dollars in cash incentives, and some amounts can go as high as $35,000.

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Distressed homeowners in Los Angeles 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 Sylvia Corralejo, CDPE with Home Options 4U. “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 $35,000. “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 Sylvia Corralejo.

As a Certified Distressed Property Expert (CDPE), Sylvia Corralejo 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.

Sylvia Corralejo with Home Options 4U 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 the website http://www.homeoptions4u.info

About
Sylvia Corralejo & Associates with Home Options 4U assists home owners with foreclosure alternative and home buyers find the home of their dreams.
Home Options 4U
19501 Ventura Blvd., Suite 101
Tarzana, CA 91356
(866) 543-8020
DRE # 01828597

**Affiliated with Sellstate Horizons Realty

For more information about the CDPE Designation, visit http://www.CDPE.com.

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