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

Bank of America (BAC, Fortune 500) had a pilot program in Florida that paid incentives of $5,000 to $20,000 for sales that were initiated between Sept. 26, 2011 and Nov. 30, 2011 and close by the.

Here is an email we just recieved from Bank of America. For short sales with Bank of America in the state of Florida, they are now offering up to $20,000 for sellers to participate in a short sale in many cases. With this program, Florida home owners can get cash back for a short sale with Bank of America!

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20, when senators from both parties castigated him over the bank’s sales practices. “It’s gutless leadership. U.S. bank by assets behind J.P. Morgan Chase & Co. and Bank of America Corp., it tried.

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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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It is rare today to do a Bank of America short sale. Bank of America short sales earned well deserved black marks beginning in 2005 and lasting well into 2009. Bank of America’s reputation was so bad that some real estate agents refused to list a short sale if Bank of America was involved. Buyer’s agents refused to write offers on those listings.

Bank of America Increases Payments For Preapproved Short Sales. Any homeowners out there on the fence about doing a short sale? It isn’t exactly a reason to break out the champagne but homeowners considering a short sale who have a loan serviced by Bank of America now have the possibility of obtaining up to $30,000 in hardship funds.

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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.

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