If you qualify for this option, the process is similar to a normal real estate sales transaction. You will work with a real estate agent to market and sell your home. However, your mortgage company will also be working with you and your real estate agent every step of the way to:
Severance pay is a matter of agreement between an employer and an employee. The amount and type of compensation in an given severance agreement will vary according to specific circumstances, but the amount of severance pay is usually based on a number of factors, including:
Oftentimes, a âtermination packageâ will use the terms ânoticeâ (âpay in lieu of noticeâ or âtermination payâ) and âseveranceâ interchangeably, although they are technically distinct.or example, if the employee has worked for 6 years and 4 months at a regular weekly pay of $500, severance pay owed would total $3,166.67, or $500 x (6 + 0.33= 6.33).