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Now, Bank of America is offering not only the $3,000, but now up to an additional $30,000 to short Sell your home, so if you are tired of paying for your home that is just not worth what you paid, call Kevin B Tolbert PA today at 772-834-0099 and let us help you get a FRESH START with up to $33,000 in your pocket.
And no matter who your lender is, please call us today and let us see what your lender is willing to offer you.
You can call us today or find us on SOCIAL MEDIA AT:
If you are ready to sell your home in Port Saint Lucie, FL, then call your Port Saint Lucie, FL Short Sale Expert who has closed 100% of my short sales in the last 3 years with NO DEFICIENCY BALANCES to the sellers.
If you are underwater in your current home, and want to know if you qualify for a short sale, CLICK HERE.
If you want to know what your home is worth, CLICK HERE
Short Sale Agent Update Limited Time OfferMay 15, 2012
Short Sale Relocation Assistance Program: Your clients could receive
$2,500 to $30,000 in relocation assistance
Your financially distressed clients want to avoid foreclosure. You want to help them. So do we!
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.
Don't miss this limited-time offer to get your distressed clients the help they need by initiating a preapproved price short sale today at agent.equator.com.
Determining your clients' eligibility is easy:
Once you initiatethe short sale at agent.equator.com we'll evaluate the homeowner for this offer quickly to determine if they qualify for the enhanced relocation assistance.
The homeowner must participate in one of the preapproved price short sale programs, such as HAFA (Home Affordable Foreclosure Alternatives) or Bank of America's proprietary program. Specific investor participation and eligibility criteria do apply to these programs.
Have an active preapproved price short sale? Don't worry.
Bank of America is reviewing all current, in-process preapproved price short sale agreements to determine who is eligible for this limited-time offer. Eligible homeowners actively participating in a preapproved price short sale program (such as HAFA or Bank of America's proprietary program) will receive a letter if they qualify for the additional relocation assistance. The relocation assistance will be paid at closing.
Frequently Asked Questions:
Q: How can I find out if my client qualifies for this limited time offer?
A:Call a Bank of America short sale specialist at 1.866.880.1232 Monday - Friday 8 a.m. - 10 p.m.; Saturday 9 a.m. - 5:30 p.m. Eastern.
Q: Do I have to do anything special when initiating or completing the short sale?
A:No. But act quickly by initiating the short sale at agent.equator.com. This is a limited-time offer that your clients won't want to miss out on.
Q: If a short sale is initiated with an offer, will it qualify for this relocation assistance?
A:No. This relocation assistance is only available on preapproved price short sale programs. Short sales initiated at the time an offer is received do not qualify for the enhanced relocation assistance funds.
Q: Will the relocation assistance funds be reported on the HUD-1?
A:Yes, funds received at closing will be documented on the HUD-1, and a 1099-MISC will be issued.
Q: Can the relocation assistance funds be used to pay off existing liens?
A:Yes, the homeowner may use funds to pay off existing liens or to help with relocation expenses.
Q: Is the relocation assistance added to any other incentives, such as the HAFA or Bank of America proprietary program incentives?
A:The homeowner incentive will be inclusive of the $3,000 HAFA incentive. For example, if the homeowner is eligible for a $5,000 homeowner incentive, $3,000 will be from the HAFA incentive, and $2,000 will be from the homeowner incentive.
Q: Is the enhanced relocation assistance available for other programs?
A:Currently, the enhanced relocation assistance is only available to short sale programs initiated without an offer. However, as we gauge the success we may extend this incentive to other programs.
Homeowners and agents may call 1.866.880.1232 to speak to a Bank of America short sale specialist about this exciting limited-time preapproved price short sale program offering.
*The relocation assistance payment is calculated based on the appraised value of the homeowner's property. The total amount will be no less than $2,500, but no more than $30,000. The payment will be delivered at the time of closing if the homeowner complies with all terms and conditions of the Short Sale Agreement, which includes but are not limited to the following: a full walk-through appraisal must be completed and the homeowner must satisfy all junior liens and provide clear title for the property (the relocation assistance payment can be used to clear those liens). The short sale must close by September 26, 2013. If the homeowner does not comply with all terms and conditions of the Short Sale Agreement, they will not receive the relocation assistance payment. The amount of any deficiency and relocation assistance will be reported to the Internal Revenue Service (IRS) on the appropriate 1099 Form or Forms. We suggest that the homeowner contact the IRS or their tax preparer to determine if they have any tax liability.
This is good news about Bank of America Short Sale Relocation Assistance! Hopefully this will help encourage many home owners in hardship to take action and do a short sale. This Bank of America short sale cash back program to complete a short sale will hopefully help move more distressed properties. What are your thoughts about this program?
Kevin B Tolbert PA, CIPS, GRI, RSPS, TRC, CDPE, ALC
Keller Williams Realty of Port St Lucie 1850 SW Fountainview Bld Ste 205 Port St Lucie, FL 34986
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.