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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 ashort 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.
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-$20,000CitiMortgage - 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
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 forhome loan assistancethat 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!
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 avoidforeclosure 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.*
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
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.