Tania Ivey Real Estate Group/Keller Williams Realty Finds Major Banks Offering Cash Incentives to Avoid Foreclosures

Washington, DC, June 01, 2012 --(PR.com)-- Homeowners who are behind in their mortgage payments should keep a careful eye out for a letter in the mail from their lender – not for a payment or foreclosure notice, but for a short sale offer. Marc Cormier of Tania Ivey Real Estate Group/Keller Williams Realty notes that several major banks are currently offering cash incentives to homeowners delinquent in their mortgage payments, sending a letter through the mail with details and cash bonus offers for as much as $30,000.

Bank of America and Chase are just two of the major lenders who have been offering these deals in an attempt to avoid foreclosures by selling homes through short sales. The incentive programs are based on a number of factors, including the value of the home and the amount the homeowner still owes on the mortgage.

“We're seeing a sharp increase in banks offering these incentives,” says Cormier. “There are eligibility requirements the homeowner must meet, but for those who qualify, this can be a great opportunity to avoid foreclosure and get cash assistance for relocation in the process.”

Mr. Cormier has created a video about the short sale process which can be viewed at www.youtube.com/watch?v=yxdhc7YUC1k, as well as a video on home listings which can be seen at www.youtube.com/watch?v=xse6gn2n22Q.

For more information, email cormier64@gmail.com or call (703) 564-4026.