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?

Tags: Cash, Incentive, USDA

Views: 86

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

© 2015   Created by Mike Linkenauger.   Powered by

Badges  |  Report an Issue  |  Terms of Service