Short Sales are an Alternative to Foreclosure
Bank of America has put in place a program which offers homeowners that are behind on their mortgage assistance with relocation expenses if they short sale their home. The amount of money available for relocation is anywhere from $2,500.00 to $30,000.00. Among other things, Bank of America will consider the value of the home and the amount owed when making the determination of how much a homeowner is eligible to receive for relocation.
This program is similar to an incentive which Bank of America offered to Florida homeowners last year. Bank of America has completed approximately two hundred thousand short sales in the last two years. To be eligible for this assistance the homeowner must diligently work with the bank to complete a short sale . The short sale must close no later than September 26, 2013. The amount of money received for assistance is determined on a case-by-case basis.
I can guide you through the short sale process. If you or anyone you know is interested in short selling their home and in applying for relocation assistance contact me today!
Jeff Tricoli, PA, Keller Williams
561-628-0299
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