Can I Get Relocation Incentive in a Short Sale in NJ & NY?

If you are a homeowner looking to do a short sale in New Jersey or New York, you may be asking yourself, “can I get relocation incentive or assistance in a short sale?”

As a homeowner, can I give you location incentive? That’s a question that I get a lot from homeowners and I’m going to answer that right after this.

Will the bank give you relocation incentive to you as a homeowner? And majority of times, yes but it depends. And in most instances the bank wants you to sell their properties so that they can get their money back. And so there is an incentive for everybody to do a short sale. And so in that instance, the bank wants you to do the short sale. So they’ll give you a relocation incentive or some sort of an incentive.

However, in a situation where you are now close to a sheriff sale and the bank is about to foreclose you on your property, the bank’s going to say, “well, we’re just going to foreclose you on your property. Why do we have to give you money in that instance?” In a lot situation, these days where we’re close to a sheriff’s sale the bank says no we’re not going to give you relocation incentive. So I guess what I’m trying to say at this point is if you are being foreclosed on your property. I strongly urge you to look into options so that you don’t get foreclosed on. And then at the end of the day, you’re not going to get the relocation incentive.

We help homeowners, attorneys and agents close short sale. So if you are looking to do a short sale and you’re facing a sheriff’s sale in the next couple of months give us a call 201-645-4990.

We Help Homeowners, Attorneys and Agents in New Jersey and New York close on their short sales.

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