“For the banks, this is a case of simple math,” says Gary Lott from The Executive Team at Realty Executives Mohave in Kingman, Arizona. “The costs incurred in a foreclosure include maintaining the vacant property and advertising the property themselves. Typically, the home sells for less than it does in a short sale.” Because of this disparity, most major banks offer thousands of dollars in order to entice distressed Mohave County homeowners into proactively seeking a solution.
Bank of America, Chase, Citibank and Wells Fargo all offer thousands of dollars in cash incentives, and some amounts can go as high as $30,000. “The great part about this for homeowners is that a short sale often ends up being better on credit reports than a foreclosure, so receiving cash is just a bonus they receive for engaging in a solution that helps them out in the long run,” said Lott and Billie Hiser, the other half of The Executive Team.
Both Lott and Hiser are Certified Distressed Property Experts (CDPE) and certified by NAR as Short Sale Foreclosure Resource (SFR). As a Certified Distressed Property Expert (CDPE), Lott and Hiser are both knowledgeable of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help financially strapped homeowners regain peace of mind and a sense of stability for the future.
The Executive Team – Gary Lott and Billie Hiser have developed a free report entitled “Short Sale Incentives: Why the bank will give you cash to sell the home you can’t afford” that is accessible from their website, www.HelpingMohaveCounty.com .
To learn more about foreclosure options visit www.HelpingMohaveCounty.com or www.TheExecutiveTeam.org.
The Executive Team – Gary Lott & Billie Hiser are a Top Producing Team at Realty Executives Mohave in Kingman, Arizona. For more information, contact Gary Lott or Billie Hiser at 928-530-3445 or at their website www.TheExecutiveTeam.org or www.HelpingMohaveCounty.com