Short Sale Agent gets Homeowners -Cash for Keys- from Bank of America Short Sale Redding Ca.
Did you think foreclosure was your only option? Has Bank of America approached you about doing a short sale on your home?
Hundreds of Bank of America clients are working thru the process of selling their home thru a short sale. This process is where a short sale agent negotiates with Bank of America to sell your home for less money than is owed on it.
If you are interested in learning about Bank of America's short sale programs contact me today, Laura Reilly at (530) 921-1063.
Bank of America continues to implement more people, new process and upgraded technology platforms to assist homeowners who want to sell their home, but think they cannot.
The newest program to be rolled out by Bank of America is called a cooperative approach to a short sale. Meaning home owner and the lender are cooperating in order to get the home sold.
This type of short sale may prove to be the quickest route to a short sale decision if you begin the process early enough. This process can be started even before any mortgage payments are missed.
Bank of America does not approve of the term "cash for keys" but prefers to call it relocation assistance. If your co operative short sale is approved by Bank of America, your real estate agent will receive an approval letter stating the terms and conditions of the sale. One of the terms may be relocation assistance.
The impact on your credit from doing a short sale on the property typically is less severe than a foreclosure. After a co operative short sale with Bank of America a deficiency charge off will be reported to credit bureaus.
Bank of America will have the property appraised if you participate in the short sale. The appraisal will help determine the fair market value of your home. Another benefit to the co operative short sale, the homeowner does NOT pay for this.
Short Sale Agent gets Homeowners -Cash for Keys- from Bank of America Short Sale Redding Ca.
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