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?
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 https://docs.google.com/open?id=0B-R4D6Gl3VCkVWJ6ZW9kLWkxSGM if they are helpful but keep in mind this is for CA although I am sure its similar in other areas. Good luck