Las Vegas Short Sales~Bank of America Las Vegas Short Sales Relocation Assistance

By
Real Estate Agent with HomeSmart Encore - Las Vegas

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 - ?* in relocation assistance and owe no more on their mortgage with the sale of their property.

I received an email from Bank of America last week regarding the above statement and attended a Bank of America Short Sale program this week at Tournament Players Golf Club here in Summerlin, Las Vegas where it was confirmed that some Las Vegas homeowners may get this assistance, BUT as is with all Las Vegas Short Sales, no two are every the same and PLEASE keep in mind there is NEVER a guarantee to this until in writing from the bank and you close the deal and there are SEVERAL REQUIREMENTS in order to even see if you qualify for this program. If after reading below you would like to proceed, call me so that we can get you started on your Las Vegas Short Sale.

Remember, if you are in a hardship situtation and must sell your home as a short sale the goal is to get out from under the debt so you can move on with your life, regardless if the bank can help you in relocation money.

• Once we initiate the short sale at equator.com Bank of America will 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.

• The relocation assistance payment is calculated based on the appraised value of the homeowner's property. (The bank determines that as well as the starting list price.

• 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.

• Loans that are VA and FHA are not part of this program. If you have a VA Loan, the VA does sometimes allow some for relocation assistance. VA Short Sales tend to be pretty straight forward IF you have a real hardship such as base trasfer, divorce, retirement, etc. •Regardless of your lender feel free to call me to see if you may qualify for a short sale. •Remember, the end goal is to get you get your home sold with the best possible outcome for you so you can move on and begin a new chapter in your life.

Customers who believe they may be eligible for Bank of America’s short sale relocation assistance program may contact program specialists at 877.459.2852.

To help homeowners understand the short sale process and other foreclosure avoidance programs, Bank of America encourages them to visit the Home Transition Services website at http://www.bankofamerica.com/hometransition.

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Posted by

Dawn Barrier at HOMESMART ENCORE Las Vegas, Nevada   

 

(702) 812-4550 

 

Las Vegas, Nevada   

January 2020

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Any Stats are on Resale Single Family homes only per the GLVAR MLS as of this writing or as noted,covers the Las Vegas Valley, North Las Vegas, Henderson area or as noted.

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HOMESMART ENCORE Las Vegas Dawn Barrier

(702) 812-4550

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Comments (1)

Dawn Barrier in Las Vegas at HOMESMART ENCORE
HomeSmart Encore - Las Vegas - Las Vegas, NV
Homes in Las Vegas Nevada 702-812-4550

I am on Bank Of America Short Sale Agent List so feel free to call me to list your home for sale.

(702) 812-4550                           VegasDawn

May 22, 2012 06:30 AM