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

 · In a short sale situation the bank is not the owner but the note/lien holder against the real property. Time it takes is because someone has to be assigned to a file and the ultimate owner of the note the investor which is usually not the bank you make your payments too has to be tracked down and presented with these offers the bank is not the.

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.

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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.

Riley FBR Tracy Kogan – Citi Lorraine Hutchinson – Bank of America Roxanne Meyer – MKM Partners. of White House Black Market and delivering positive sales growth, investing to strengthen and expand.

If you have a Bank of America home equity loan or line of credit, we’ll take care of getting approvals for your short sale. If your loan or line of credit is with another lender, contact that lender and request a Second-Lien Release. The lender needs to provide this document and send it to you.

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Bank of America has just announced a nationwide roll-out of a program that was tested in Florida in 2011 called the florida cooperative incentive program. This NEW nationwide roll-out extends the.

Some lenders such as JPMorgan Chase, Wells Fargo, and Bank of America are now offering sellers cash incentives of up to $30,000 to complete short sales, and the US government has extended the Mortgage Forgiveness Debt Relief Act and Debt Cancellation through the end of 2012. If your home is underwater and you have made the decision to let it go.

Florida Home Buyer Closing Day Checklist | About Florida Law As a future home buyer, you need to be approved for a mortgage loan, have the house inspected, get an appraisal, possibly hire an attorney and schedule your move-in day, also known as closing day. Lots to do in little time – mainly because you are too eager to wait any longer.