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

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Bank of America offering up to $30,000 for short sales. Under the plan, Bank of America ( BAC, Fortune 500) will offer homeowners so-called relocation payments of between $2,500 and $30,000 if they sell their home in a short sale. In short sale deals, the sale price of the home is less than what the seller owes the bank.

 · Bank of America offers up to $30K for short sale. Qualifying Bank of America borrowers could receive anywhere from $2,500 to $30,000 in cash upon the close of a short sale. The amount of assistance provided under the new program is determined on a case-by-case basis, taking into consideration the value of the home, amount owed and other considerations not clarified in the press.

 · Lenders may be viewing short sales as a better alternative. chase offers qualifying distressed homeowners up to $30,000 for going the short-sale route, instead of letting the home enter foreclosure. Homeowners have to be selected for the incentive, as Bernstein was when he sold his Deerfield, Ill., home.

Bank of America Announces Its Short Sale Relocation Assistance Program: Consumers could receive $5,000 to $30,000 in relocation assistance. BofA wants to help its financially distressed clients who want to avoid foreclosure. That’s why Bank of America is excited to offer enhanced relocation assistance.

“Many first-lien holders have become more willing to agree to short sales to reduce losses,” said Lawler, founder of Lawler Economic and Housing Consulting. “Second lien holders know this. they don.

I need a $ 30000.00 loan for one year. I’m willing to pay $600.00 a month of interest and the pay the entire loan back in full when the year is over.. For example: accept credit cards This will search for documents containing the words accept, credit, and. Bank of America is not.

Selling a House? Top 5 Resale Killers Mortgage Masters Group Prices were up 13.5 percent year-over-year in September. of course, they want to sell for more than what people can pay. For house hunters, soaring prices might push some to close a deal before.

That’s why 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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