Does USDA/Ginnie Mae offer Cash Incentives to Homeowners to do a Short Sale?

I have a Chase SS approval on a Texas USDA loan.  

Chase denied cash incentive and stated USDA doesn't have cash incentive to Short Sale a property.  However, I attended a Chase Priority Realtor Short Sale Training class a couple weeks ago and the presenter stated USDA does have cash incentives. (I'm trying to get in touch with the presenter)

Does anyone know if USDA/Ginnie Mae offers cash incentives to homeowners to do a short sale?

Has anyone worked a file where a homeowner received such an incentive?

Views: 104

Reply to This

Replies to This Discussion

Keep in mind that I am in CA but had a detailed conversation with a local USDA office recently asking about all perimeters and he said USDA does not offer or allow seller incentives.  I uploaded his guidelines here if they are helpful but keep in mind this is for CA although I am sure its similar in other areas.  Good luck

Bruce Slaton





Property Management Pages

San Salito

Bartram Park


Ocwen Contacts Short Sale Package

Started by Jan Baron in Rants and Raves. Last reply by Anna Wilk Jan 14, 2016. 5 Replies

Shellpoint Mortgage

Started by Celeste ODea in General Discussion. Last reply by Brett Goldsmith Sep 4, 2015. 3 Replies

Extension Fees & Closing

Started by Colleen J Couse in Rants and Raves. Last reply by Brett Goldsmith Sep 3, 2015. 1 Reply

© 2018   Created by Mike Linkenauger.   Powered by

Badges  |  Report an Issue  |  Terms of Service