This
program is designed to assist income restricted
homeowners, who are short selling their home, ease
the transition from unsustainable homeownership.
Qualified homeowners can receive up to $8,025 in
assistance designed to facilitate the short sale
process.
Assistance can be applied toward the following:
- Relocation expenses
- Closing costs
- Legal fees associated with seller’s short
sale of property
- Servicer incentive
Eligibility
Criteria
•
Legal US Resident
• Loan
originated 1/1/2009 or earlier
• Home is
currently owner occupied
• Must
have short sale approval in place with
lender
•
Application for assistance must be received
prior to close of escrow
•
Borrower does not own any other real
property
• Must
have only one mortgage
•
Hardship Affidavit
Borrowers who choose to leave the State of Nevada
will not receive the rental assistancecomponent of
benefits under this program but will be entitled to
all others.
Bank, Servicers, Counselors,
Nevada Hardest Hit Fund®,
and Information Sources... All Available for a
One-Stop Help Center for those Homeowners
Facing the Possibility of
Losing their Homes.
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