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:
Who Gets Severance Pay? The hard news first: Severance pay isnât a given. Your company may be undergoing layoffs, but just because youâre losing your job and not being fired for underperforming doesnât mean youâre entitled to any kind of extra pay beyond salary through your last day and compensation for unused PTO days, per your companyâs specific policies.