bank of america: Bank of America Principal Reduction Program
- 12/11/12 11:31 PM
So many home owners who have negative equity/are upside down in their homes are always looking and hoping banks are going to step up and help them with principle reductions. The latest buzz that many of us keep hearing about is from Bank of America. The have a new "Principle Reduction Program" that are suppose to reduce principles for home owners. Below is a post written by Melissa Zavala Realtor® North San Diego County Homes that helps explain how this program works, who it should help and who it doesn't. If you think you might be eligible for a principle reduction on … (3 comments)
bank of america: Bank of America Offering Relocation Assistance For Short Sales
- 05/21/12 05:23 AM
Bank of America recently announced a nationwide program offering up to $30,000 in relocation assistance for short sales. Adding to its foreclosure prevention initiatives, this program offers delinquent customers increased assistance with relocation expenses at the completion of a qualifying short sale.
Approved home owners could receive from $2,500 and $30,000. ~ Just last week an agent in my Ferrari-Lund Real Estate office closed a short sale transaction and his client received $10,000 in relocation fees. This is such exciting news for home owners faced with a possible short sale and are faced with relocating to another area. To qualify for the … (1 comments)
bank of america: Bank of America Approves Reno Nevada Short Sale With Cooperative Short Sale Program
- 11/07/10 08:32 AM
I recently closed a Reno, Nevada short sale and the bank waived all future deficiencies against seller. I was the listing agent for this single family home located in the Cold Springs area North of downtown Reno. The seller was a single, young individual who was approved for a $380,000 loan back in 2006. Because her second job ended and her income decreased, she was no longer able to afford her monthly mortgage payments on her own.
This Reno property was listed in June 2009 (Yes, we just closed on October 15, 2010). Although I received an offer right away, I did loose the first buyer when … (9 comments)
Earlier today I received a call from Bank of America saying they had "really great news" regarding one of the properties I have in set up in their equator system. The customer service rep said they have a new exciting program that my client, the seller, qualifies for. This new pilot program is being called a "Co-operative Short sale." If my seller agrees to the … (8 comments)
Reno and Sparks homeowners ~ Bank of America has opened a outreach center here in Reno, Nevada to assist distressed and underwater homeowners modify their mortgages. If you or anyone you know are having difficulty making your mortgage payment each month, why not consider speaking to a homewonershrip retension specialist. A homeownership retention specialist is trained to assist, help customers ( you ) find a solution to your current situation. Their job is to help you stay in your home and find a way to help you stay. If there is no way for you to … (1 comments)
So many home owners who have negative equity/are upside down in their homes are always looking and hoping banks are going to step up and help them with principle reductions. The latest buzz that many of us keep hearing about is from Bank of America. The have a new "Principle Reduction Program" that are suppose to reduce principles for home owners.
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