Solving the Knoxville Foreclosure Crisis
One Homeowner at a Time

Rick Smenner

865-675-8326
RE/MAX Preferred Properties
[email protected]

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Knoxville Short Sale Question: How Do We Get Relocation Assistance?

Avoidforeclosure KnoxvilleIn our Ask the Expert Section, we recently received a question from Paige, she asks, "We're doing a short sale on our Knoxville home.  My husband and I own our own business and have had significantly less profits over the past few years, which forced us to miss a bunch of payments. We're financially very strained and I've heard that sometimes lenders are willing to give relocation assistance for completing a short sale. How do we find out if we're eligible for relocation assistance?" Relocation assistance is available in some cases to Knoxville homeowners that complete a Knoxville short sale. It can be difficult to say whether or not you'll be eligible, since it depends on the short sale program or the lender, as well as your specific qualifications. Here are a few different programs that offer relocation assistance: -HAFA short sales are a government program that offers homeowners that complete a short sale $3,000 in relocation assistance. The lender will also waive their right to a deficiency judgment. -Freddie Mac short sales offer up to $3,000 in relocation assistance to those Knoxville homeowners that complete a short sale. -Fannie Mae short sales offer up to $3,000 in relocation assistance to those Knoxville homeowners that complete a short sale. If you have questions about what type of relocation assistance you may be eligible for, be sure to talk to your lender. While relocation assistance can be an added benefit to completing a Knoxville short sale, there are still many benefits to completing a Knoxville short sale. A short sale will do far less damage to your credit and it will also give you some time to get back on your feet. Are you underwater on your Knoxville home? Do you want to hear what options you have to avoid foreclosure? If so, please do not hesitate to give my team a call at 865-696-9002 or send an email to [email protected]. We’ve helped countless Knoxville homeowners avoid foreclosure. Give us a call today for a free consultation.

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