Lenders Are Paying Borrowers for Short Sales

Lenders are now allowing more short sales to help underwater borrowers sell their homes as an alternative to foreclosures. USA Today reported three major lenders offering cash incentives for short sellers, JPMorgan Chase, Bank of America, and Wells Fargo. Bank of America is testing incentives from $5,000 to $25,000 in Florida to determine if the program should be expanded to more states. Click here for more information.

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