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:
In some cases, you might be offered a severance package, which can include various benefits and pay that's separate from your final paycheck. U.S. labor laws don't typically obligate employers to pay severance, and you shouldn't expect it if you're being terminated for cause or are a low-level and at-will employee. Many companies, however, offer compensation, and you may even be able to negotiate what's included. Here are tips from experts on how to get the most out of a severance deal.