Bank of America expands short sale incentive to $30,000

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In addition to programs such as HAFA or other short sale incentive programs offered by other lending institutions, Bank of America announced last week that they are now offering certain short sale sellers up to $30,000 in short sale incentive money.

That’s why Bank of America is excited to announce that for a limited time, we are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property.

Just days after Bank of America officially announced its nationwide program offering up to $30,000 in relocation assistance for short sales, a Massachusetts-based real estate company revealed in a blog that one of its clients was approved to receive $10,000.

Contents Propriety natomas short sale tips: tips mengganti menjadi nama anda apakah anda sedang Band anda adalah Incentive letter; wisconsin april 2012 Banks pay delinquent borrowers $35,000 to sell their homes. In short sales, homes are sold for less than what is owed and the bank forgives the excess debt. Banks have been reluctant to [.]

Bank of America is excited to offer enhanced relocation assistance. Qualified homeowners who initiate a Preapproved Price Short Sale (without an offer) could be eligible to receive $5,000 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property, depending on the investor involved.

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HAFA Short Sale Streamline Short Sale fannie mae short sale Incentive & Deficiency Waiver Standard relocation assistance of $3,000 (except if the property is an estate). Select homeowners are eligible for a higher incentive total of $5,000 – $30,000. Standard relocation assistance of $2,500. Select

If you know someone who is considering a short sale, and they have their loan with Chase or Bank of America, there’s good news. Both banks have launched a national program that pays significant cash incentives to encourage sellers to do a short sale and avoid foreclosure.

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