Dear Home Owner
We’re contacting you because we have a new program that could be right for you. Don’t lose hope – you have options that may help you avoid foreclosure and make a fresh start.
You may be able to owe nothing more on your mortgage and get $20,000 after you sell your home!
We would like to talk with you about the possibility of selling your home for less than the amount you owe. If we agree on a lower sale price and a few other terms and you sell your house for that amount before foreclosure, you will get $20,000.
After your home is sold through this program you will not owe any future payments for this mortgage. This program also may allow you to stay in your home while it is for sale. Plus, after you sell your house, you can use the $20,000 to pay expenses, including moving to a new home.
Avoiding foreclosure is possible.
Sounds great, right! For sure, if I was offered $20,000 to short sale, I would in a heartbeat! So who qualifies? The target homeowner is a person whose loan has the following qualities:
· Loan was originated through Washington Mutual and was acquired by Chase through the merger
· Loan is a pay-option arm, also known as negative amortization loan, also known as pick-a-pay
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