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The Cash Lenders Are Willing To Pay Borrowers For Short Sales

Wed, Feb 22, 2012

News Sources

Cash Money/Credit: Adam Gault

… • JPMorgan Chase went national with short-sale incentive offers last year, paying up to $35,000 in some cases.
• Bank of America is testing incentives from $5,000 to $25,000 in Florida to see if they should be expanded to more states. The Florida program began last fall, spokesman Richard Simon says.
• Wells Fargo’s incentive offers range from less than $3,000 to $20,000, spokesman James Hines says. …

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