We know from a local Chase lender that Chase is offering a similar incentive to get defaulters to complete a short sale.
From DS News
Just days after Bank of America officially announced its nationwide program offering up to $30,000 in relocation assistance for short sales, a Massachusetts-based real estate company revealed in a blog that one of its clients was approved to receive $10,000. In order to be eligible for the relocation assistance, BofA stated that the short sale must be initiated by the end of this year and close by September 26, 2013. Also, the amount offered is determined on a case-by-case basis, with variables such as the value of the home and amount owed factored into the equation. » Read More
SUNIL SETHI REAL ESTATE