{"id":854,"date":"2012-04-10T15:12:05","date_gmt":"2012-04-10T19:12:05","guid":{"rendered":"https:\/\/orlandorealtyconsultants.com\/?p=854"},"modified":"2022-01-27T15:46:19","modified_gmt":"2022-01-27T15:46:19","slug":"orlando-short-sales-increasing-because-of-financial-incentives","status":"publish","type":"post","link":"https:\/\/orlandorealtyconsultants.com\/es\/orlando-short-sales-increasing-because-of-financial-incentives\/","title":{"rendered":"Orlando Short Sales Increasing because of Financial Incentives"},"content":{"rendered":"

Banks are finally starting to come to the realization that it\u2019s much cheaper to pay off delinquent borrowers as an incentive to short sale their Orlando house<\/a><\/strong> than it is to take them through the foreclosure process. I think it\u2019s about time they saw the bigger picture.<\/p>\n

Bank of America as well as a few others are currently testing incentives from $5,000-$25,000 here in Florida to see if they should be expanded to more states.\u00a0 JP Morgan Chase<\/strong> went national with incentives of up to $35,000, and Wells Fargo\u2019s incentive ranges from $3,000-$20,000. If that\u2019s not incentive then I don\u2019t know what is.<\/p>\n

These incentives are saving lenders big money compared with the expenses involved in completing a foreclosure. In Florida, where foreclosures go thru the courts, 50% of loans in foreclosure are more than two years past due. No one knows how long they will keep offering these incentives or what determines which sellers will qualify.\u00a0 You can have two similar sellers, and one might receive the incentive and the other may not receive it.<\/p>\n

One thing is for sure though, if you\u2019re looking to do an Orlando short sale, right now is the best time to short sale your house. Never before in history have banks ever been so cooperative and generous to borrowers who have fallen behind on their mortgage<\/a>.<\/p>\n

Here\u2019s more good news\u2026 You don\u2019t have to pay the mortgage while the short sale process is happening.\u00a0 That\u2019s right you stay in the house for free until the short sale is complete.<\/p>\n

If you\u2019re considering an Orlando Short Sale<\/a><\/strong> on your house,\u00a0 contact us for a free consultation with one of our short sale specialists and find out exactly where you stand. You\u2019ll be glad you did.<\/p>\n\n\n

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Banks are finally starting to come to the realization that it\u2019s much cheaper to pay off delinquent borrowers as an incentive to short sale their Orlando house than it is to take them through the foreclosure process. I think it\u2019s about time they saw the bigger picture. Bank of America as well as a few […]<\/p>\n","protected":false},"author":4,"featured_media":21680,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[7,21,54,5,6,17],"tags":[13,14,15,16,25,55,56,57],"class_list":["post-854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-florida-real-estate","category-mortgage-companies","category-orlando-real-estate","category-orlando-realtors","category-orlando-short-sales-2","tag-orlando-realty","tag-orlando-short-sale-expert-2","tag-orlando-short-sale-news","tag-orlando-short-sale-realtor","tag-orlando-short-sales","tag-short-sales","tag-short-sales-in-orlando-florida","tag-top-orlando-realtors"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t