The Bains

For troubled borrowers out of their sinking homes & out of debt with lenders. With short sales &
deeds in lieu of foreclosure, borrowers can get up to $1,500 to assist with relocation expenses.
The Treasury Dept. will also pay the servicers $1,000 to complete a short sale or deed in lieu of
foreclosure. This is for borrowers who cannot repay their mortgages under reasonable workouts.
If borrowers have a 2nd mortgage, the Tresury willpay up to $1,000 in incentive payments to that
mortgage holder to give up all claims to the primary lender. Mortgage balance must be no greater
than $729,750.

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