Bank of America Relocation Assistance Program Enhanced for Goodyear and Litchfield Park Short Sales

In an effort to help financially stressed homeowners avoid foreclosure, Bank of America has been pro-active with creating programs to make the short sale process smoother.  Bank of America is now rolling out a new Short Sale Relocation Assistance Program where homeowners that participate in a successful short sale could be eligible to receive $2,500 to $30,000 in relocation assistance.  In addition, these homeowners will owe no more on their mortgage with the sale of the property.  

How does it work?  

1. Contact your real estate agent and schedule a consultation.  
2. If you determine a short sale is your best option due to a financial hardship then your agent can initiate the short sale and get the ball rolling.  
3. Bank of America will then evaluate you for eligibility in the relocation assistance program.  
4. If you are deemed eligible, Bank of America will be require you to participate in one of two preapproved price short sale programs, such as the HAFA Short Sale program or the Bank of America Cooperative Short Sale.  In order to reduce the time in which short sales are closed, both programs require the homeowner to receive a preapproved sales price from Bank of America before they list their property for sale.  The programs are designed to get investor short sale approval prior to obtaining an offer.  If a short sale is initiated with an offer, you will not qualify for the enhanced relocation assistance.  
5. Once a preapproved price has been established, your agent will list your property for sale
6. After you receive an acceptable offer, you can move towards a quicker close
7. In order to qualify for the relocation funds, the sale of the property must be completed by September 26, 2013.  

Having difficulty paying your Bank of America mortgage and want to know if you qualify for the program?  Contact me at 623-252-9350 or email me at cinda@wvhometeam.com for a free, confidential consultation.  We can discuss your situation and determine what your best options are.

For more information about short sales and avoiding foreclosure, please visit our website:  www.WestValleyShortSales.com.

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Cinda Rose - Realtor The West Valley Home Team Ph: 623-252-9350 cinda@wvhometeam.com thewestvalleyhometeam.com