Bank of America's Enhanced Relocation Assistance- Short Sale & Receive Up to $30K!

Bank of America is revving up its Relocation Assistance Program to qualified homeowners.   Depending on the investor involved, a homeowner  could receive $5,000 to $30,000 relocation assistance and owe no more on their mortgage, on a preapproved Price Short Sale.   A preapproved Price Short Sale is one that is initiated without an offer.  Short sales initiated at the time an offer is received do not qualify for this program.   

A homeowner must  be qualified for a HAFA (Home Affordable Foreclosure Alternatives) Short Sale, or the Cooperative Short Sale Program and must participate in any of the two programs.  If a homeowner does not meet eligibility requirements for the enhanced relocation assistance, a homeowner may still receive $ 2,500 to $ 3,000 from government and bank sponsored relocation assistance programs.  HAFA is a government sponsored relocation assistance program while the Coop Short Sale is Bank of America’s version of HAFA.  If a borrower does not meet HAFA eligibility, Bank of America offers the Coop Short Sale, which mirrors the benefits accorded by HAFA. 

Bank of America’s enhanced relocation assistance program is available not only for owner occupied properties but as well as for non-owner occupied properties.  Second homes, investment homes and rentals can qualify, too. 

If you want to find out your eligibility for this program contact  me for a free consultation.   This is a limited time offer only, and the short sale must close by September 26, 2013.  Act now and act fast!

For more details, click here.