Bank of America is encouraging homeowners to seek a short sale as an option instead of a foreclosure. To help homeowners make this very important decision, BoA is offering “enhanced relocation assistance,” in the hopes that it will encourage homeowners who may be facing insurmountable difficulties to list their home as a short sale – rather than let it go to foreclosure. What does this mean for you as a homeowner? Simply put, you can receive up to $20,000 cash back from Bank of America for a short sale!
To be eligible for the new program:
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You must own a property in Florida
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This option is only for short sales that are initiated without an offer between September 26 and November 30
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Customers must be eligible for a “without offer” program currently being offered through Bank of America, such as HAFA or Proprietary
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The eligible short sale must go to closing by August 31, 2012
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The minimum relocation assistance that you may be eligible to receive* is $5,000, with a maximum amount of $20,000. This is based on the unpaid principal balance
There are also exclusions to this program – check to see if these apply before contacting Bank of America for more information! You are excluded from this program if:
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You currently have a loan through Ginnie Mae, FHA, VA, or USDA
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Loans for a vacant lot are not eligible
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Properties outside of the state of Florida are not eligible
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Short sales that are initiated with an offer are not eligible
Do you think you qualify? Act now to take advantage of this great offer from Bank of America by calling ashort sale specialist at 1-877-459-2852.
I am prepared to assist you with all of your real estate needs! Contact me today to see how we can assist you at 954-237-0400, or simply send me an email! I'm ready to help you find the perfect home in Pembroke Pines.
*Subject to approval by Bank of America
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