This month, Bank of America announced that they will be increasing their relocation assistance program. If your are financially stressed and have your loan with Bank of America, you can avoid foreclosure!
According to Bank of America, qualified homeowners who initiate a Preapproved Price short sale (without an offer) could be eligible to receive $5,000 – $30,000 in relocation assistance and owe no more on their mortgage with the sale of their property, depending on the investor involved. 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 Cooperative Short Sale Program. In order to take advantage of this program, a short sale has to be initiated by the end of 2012 and close by September 26, 2013.
For assistance with a short sale with Bank of America or any other Bank, please contact Karen Smith a Short Sale and Foreclosure Resourse at 866-465-2636.