$2,500 Incentive Will Spur Short Sales, Says John Burns

" A Treasury Department spokeswoman confirmed an incentive program for servicers that pursue short sales is on its way, according to John Burns Real Estate Consulting. The subsidy program will provide $1,000 to the servicer and $1,500 to the seller in each short sale transaction for a total incentive of $2,500 per short sale, the spokesperson told the consulting firm. This strategy should help “clear excess inventory,” according to market commentary by John Burns Real Estate."