In fact, it is a line of credit granted by a bank. Wells Fargo (NYSE:WFC), JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC), or another financial. seconds for approval to be granted at 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!
Bank of America Short Sale Incentive Programs Bank of America has great short sale incentive programs. Some of these programs offer cash incentives to homeowners for completing a successful short sale. incentives offered varies by personal situation but ranges in the amounts of $2,500 to $30,000.
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Lenders such as Bank of America are even more generous, offering up to $30,000 incentives to homeowners. The bank also has an Own-to-Rent program that allows homeowners to rent their former homes.
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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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 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.
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.