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:
Severance pay provided in exchange for a release must be money over and above what the employee is already entitled to. For example, if the employeeâs agreement already provides that he or she will receive 2 weeksâ pay at the time of termination, the employee must receive both that 2 weeksâ pay and severance pay.f termination is âwithout cause,â an employer is usually required to provide notice and may be required to pay certain amounts to the former employee. The required amount of notice and compensation varies from state to state, industry to industry, and employee to employee.