Bank of America Pre Approved Short Sale Relocation Assistance Cash up to $30,000

 

Is your mortgage currently serviced by Bank of America? If so, I have good news for you! You may be able to get a cash incentive for selling your home in a short sale. Are you currently experiencing some form of hardship? Struggling to make your mortgage payments or already behind and need to sell?

There has never been a better time to consider a Short Sale!

Bank of America says that, for a LIMITED TIME, it will provide up to $30,000 in relocation assistance to delinquent borrowers who work with them to obtain a pre-approved short sale price before submitting purchase offers. 

Bank of America Pre Approved Short Sale Relocation Assistance Cash up to $30,000

Obviously, not all loans will qualify, and Short sales must be initiated by the end of 2012 and close no later than September 26, 2013, to be eligible for the payments, which will range from $2500 to $30,000 at the completion of a qualifying short sale.  Payments will be determined on a case-by-case basis using a calculation that includes the value of the home, amount owed, and ‘other’ considerations, Bank of America said in announcing the program.

Does this sound too good to be true? Well, it may be, but we have seen very large checks cut to homeowners by other banks, and those short sales were not pre-approved.  With this program, the bank gets to set the price and make sure they get maximum value for the property.  It will be interesting to see where the prices fall in line with the market value…..but at the end of the day, they can’t expect a financed buyer to pay more than what the home will appraise for, so I am hopeful to put lots of $$$ money $$$ in my seller’s pockets soon!

Bank of America is not the only bank offering relocation assistance to Short Sale sellers.  

Cash inventives are being offered that will speed up the process of the short sale and benefit all members of the transaction. As an added bonus, the sellersget to stay in their home until close of escrow, payment and rent free!

So which banks are giving out this cash and how much are they giving?

Chase - Up to $35,000           Wachovia / Wells Fargo - $5000-$20,000                CitiMortgage - Up to $12,000        NationStar - Up to $7,500

Bank of America - $2500 to $30,000

and any other HAFA approved lender.....Up to $3000

Bank of America Pre Approved Short Sale Relocation Assistance Cash up to $30,000 Is a short sale right for you? If your home is now worth less than you owe on the loan and you have not qualified for home loan assistance that would enable you to keep your home, a short sale is one way to settle your mortgage debt. In a short sale, with your lender's approval, you may sell your home for less than the total amount that you owe.

Thinking of selling? Curious if you might qualify for up to $30,000 in short sale relocation assistance? There is no obligation to find out! Don’t miss this limited-time offer to get the help you need by initiating a preapproved price short sale today! Contact me today to see if you qualify for a Bank of America PreApproved Price Short Sale in Arizona! 

ASHBY REALTY GROUP, LLC

C: 602-677-7977   F: 480-907-1916

E: azshortsalediva@gmail.com 

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Don't let time slip away. Take action today.  Foreclosure is NOT an option!
Call Jessica Sulliman - Phoenix Arizona Short Sale Agent for a confidential phone interview to go over your options to avoid foreclosure at 602-677-7977. 

Stop Foreclosure- Learn Your Options. Maybe a short sale is your best option. 

Maybe the bank will PAY YOU up to $20,000 to short sell your home! We may be able to help you avoid foreclosure.

 

IMPORTANT DISCLOSURE:
*Seek competent legal counsel and tax advice for any real estate transaction. Jessica Sulliman and Ashby Realty Group are not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit. Your Lender may not agree to the change of your loan and/or a Short Sale.With a Short Sale, there are no guarantees offered and we cannot provide legal advice. Seek legal advice.*

About the Author...

This article  was provided by Jessica Sulliman, a Nationally recognized Realtor and Certified Short Sale & REO Specialist.  Jessica can be reached via e-mail at azshortsalediva@gmail.com or by cell phone or text message at 602-677-7977. Jessica has helped hundreds of people buy and sell their home.  For Arizona real estate and homes see www.jessicasulliman.ashbyrealty.com or www.theshortsalediva.com. 

Ashby Realty Group handles Arizona real estate sales, Arizona short sales, Arizona strategic short sales, Arizona pre-foreclosure sales, and Arizona foreclosures in the entire metro Phoenix area.  We specialize in the East Valley: Queen Creek, Gilbert, Chandler, Mesa, Scottsdale, Paradise Valley, Apache Junction, Gold Canyon, Tempe, Florence, San Tan Valley,  Ahwatukee, Anthem at Merrill Ranch resort community in Florence AZ. Serving all of Maricopa and Pinal counties Arizona. Arizona Short Sale Realtor. Short Sale Arizona 

Copyright © 2011 http://www.theshortsalediva.com  | All Rights Reserved

 

26 Comments on Bank of America may offer you up to $30,000 to short sell your home!

20 Most Recent Comments Displayed Show All

MAY
17
2012
866,303 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Interesting.. I hope this will have postivie effect.  You will have to keep us updated.
7:40pm • #7
197,536 Points 2 Featured Posts Called Shot Master

I was aware of the $2,500 incentive, but $30,000, now THAT's money. Anyone who does not take advantage of this is crazy!
7:44pm • #8
1,154,383 Points 86 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jessica, just today I had a B of A representative call me on a couple of my short sale potentials to make it more attractive for the seller to work the deal
7:48pm • #9
594,090 Points 22 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Jessica:  Great post to inform sellers about cash incentives that may be given if they qualify and meet the guidelines!
8:08pm • #10
653,717 Points 49 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Read this days ago. During negotiations, the banks will cut that incentive if they have to. I have sellers that will be getting $25K and $3000 for moving expenses. It will be interesting if they get it all.
8:16pm • #11
226,528 Points 9 Featured Posts Localism Sponsor Outside Blog Called Shot Master

I wonder how the bank decides which sellers to give this money to. I've got a buyer waiting on a short sale that had already been approved with a prior buyer and we've been waiting 2 months just to hear something. I highly doubt the are going to suddenly through $30K at the seller when it's the bank that is holding everything up. Very strange!
8:19pm • #12

Jessica, great post! I was aware that there was smaller compensation, but not that much. Thank you.
8:20pm • #13
We are working with Chase who have our sellers in a HAFA program to get $3,000. They have made them jump through more hoops. I hope this is not the case with the others. We look forward to getting more sellers in need, back on their feet again, and out from under high interest adjustable loans. Thanks for the information. Doug
10:34pm • #14
230,369 Points 9 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Anything that can streamline the approval process for short sales is good news these days.  If the banks really do what they say they are willing to do, this could be a big improvement.
11:02pm • #15
881,176 Points 10 Featured Posts Attended Rain Camp Called Shot Master

That's what is needed, Jessica - and let's hope this new strategy from BoA works.
11:14pm • #16
MAY
18
2012
959,697 Points 24 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I fully agree with Andrew #4. It seems there are now rewards to not being responsible and I imagine we will see more home owners default to get some of this pie. A strange world we are living in!
2:11am • #17
556,002 Points 31 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Jessica,

This is good news!

Six years into the mortgage meltdown and the banks have finally figured out it is cheaper to short sale than to foreclose!!

Phil
2:28am • #18
396,941 Points 5 Featured Posts Outside Blog Attended Rain Camp

I heard about it.  My only concern is that it may just allow more people to be encouraged to do a short sale when there reall is no hardship-- just the value of their property has dropped.  I guess it is better than someone just walking away however, and destroying the place.
2:54am • #19
839,193 Points 69 Featured Posts Outside Blog Called Shot Master

Big money for the wrong reasons?  While the person who is in foreclosure needs all the help they can get for the most part, making it lucrative has a hint of insanity to it...Also, the reason B of A will pay out these funds is because they have fraud, error, and misrepresentation issues that people who hire lawyers can pursue...If you are one of the people who they took shortcuts with, this money will settle the claim or your account in full when paid..if you are not a threat, small change or a quick boot will get rid of you..It is wise to remember this is a business.....There is no love or respecter of persons going on here
7:13am • #20
300,008 Points 7 Featured Posts Outside Blog Attended Rain Camp

I can certainly empathize with comment #4. What we have to realize is that there could have been a total meltdown of the real estate industry instead of a partial one. The bailout money was supposed have been for this, so in a way we have all benefitted. Only history will tell us if this was a wise move.
7:58am • #21
445,683 Points 70 Featured Posts Outside Blog Called Shot Master

Jessica, This is great information. I hope they really do follow through and don't complicate it so that nobody benefits.
9:26am • #22
650,291 Points Localism Sponsor Outside Blog

Agree with #4 -- nothing more can be said -- nothing more. Have a good day.
9:44am • #23

As always Jessica, you are right on top of what's going on in the market! Thanks for spreading the word on this!
1:25pm • #24
MAY
19
2012
1 Featured Post Outside Blog
I hope this program is rolled out in earnest to Bank of America mortgagors, but my fear is that the eligible borrower pool will be quite limited. The press release indicates that the program will only be for loans owned and serviced by Bank of America.... This knocks out anyone with a Freddie Mac, Fannie Mae or FHA loan, which is the vast majority of the mortgage market
5:31am • #25
MAY
21
2012
159,154 Points 2 Featured Posts Outside Blog

I am not a fan of it....

some SS sellers gets 2500, some 30,000. Hard to predict who gets what. My seller signed 2500, suddenly he got this 'news' about up to 30k.......whose fault that he didn't get more money?( chuckle), agent fault~ seller is not happy, of course: he lived there 'for free' for 2 years, now he wants to walk away with 'reward'.

I don't think, it is right. If bank gives away money, every SS seller should get the same amount, not just 'limited' number or Sellers.
9:53am • #26

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