Military Short Sale Relocation Incentive

Military relocation incentives to borrowers when completing a short sale vary on numerous factors. One of the most important factors is the type of loan the borrower used to purchase the property. If they used a VA loan or FHA then they will have to go through the respective government program to facilitate the short sale. Unfortunately government short sale generally offer minimal relocation support depending  on numerous factors and how strong the offer presented is in comparison to their guidelines and value obtained on the property.

We have seen recently with Chase a 25,000 relocation incentive being offered for an active Military member who has a private investor and who purchased the property with a conventional loan. A program such as this is uncommon and only certain investors and lenders offer such specialized programs. A more common program which many may be eligible for is the HAFA program which offers up to $10,000 dollars towards relocation incentive for borrowers in their primary residence. Investors such as Fannie Mae and Freddie Mac do not participate in HAFA, but could offer standard relocation fee’s Est. $3,000, but it’s not guaranteed to be approved.

Having the experience to see the forest before the trees on a short sale is invaluable when it comes to having realistic expectations and creating a strategy for success to accomplish your goals. Fill out the form below for a free consultation or if you have any questions at all.

[contact-form-7 id=”155″ title=”Contact form 1″]