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

If you are a busy short sale agent, then you probably have already heard about Bank of America’s Short Sale Relocation Assistance Program. It’s a pretty good deal for those who qualify-between $2500 and $30,000 payable to the short sale seller at closing.

If you have a home loan through Bank of America and you are currently concerned about making your payments or your home is worth less than you owe, you may qualify for a short sale incentive from BoA.They refer to it as an ‘enhanced relocation assistance payment’. To qualifying home owners/sellers, this could mean a check given to you for up to $30,000 after a successful short sale closing!

It turned out that the seller’s bank was writing her a check for $30,000. short sell or transfer their title to Wells via a deed-in-lieu. Bank of America (BAC, Fortune 500) had a pilot program in.

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Bank of America is involved in the mortgage settlement Charlotte Observer/MCT. Almost 4. “A short sale is effectively a foreclosure,” Day said.

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The program is based on a similar one the lender tested in Florida last year. Qualifying Bank of America borrowers could receive anywhere from $2,500 to $30,000 in cash upon the close of a short sale.

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He takes over for Juan Carlos Alvarez, who will become CFO of regional parent companies Santander US and Santander bank north america. Both changes will take. will steer its sales and marketing.

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.

Bank of America Short Sale Incentive Programs. By selling your home in a Bank of America HAFA Short Sale, as opposed to the traditional short sale process, you will benefit in several ways: $3,000 to $30,000 for relocation assistance Foreclosure process may be temporarily halted You will receive a full deficiency waiver on.

Both sides have incentives to settle a trade war that is battering exporters. enough to withstand the shock,” said.