Bank of America expands short sale incentive to $30,000

Here is an email we just recieved from Bank of America. For short sales with Bank of America in the state of Florida, they are now offering up to $20,000 for sellers to participate in a short sale in many cases. With this program, Florida home owners can get cash back for a short sale with Bank of America!

Lenders such as Bank of America are even more generous, offering up to $30,000 incentives to homeowners. The bank also has an Own-to-Rent program that allows homeowners to rent their former homes.

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"Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC.

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Expanding a program that began in Florida, Bank of America plans to entice more distressed homeowners across the county to sell houses in short sales by offering up to $30,000 in relocation money..

“They would be on a short. expansion comes following a merger between MBA and Austin, Texas-based CSO Research. Founded in 2003, MBA Focus provides software and services that connect more than.

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Bank of America (BAC) is taking its small florida pilot short-sale incentive program national. Under the program, which was tested in the Sunshine State last year, B of A will offer to pay delinquent mortgage customers up to $30,000 to help with relocation expenses after completing a qualified short sale.

Bank of America Announces Its Short Sale Relocation Assistance Program: Consumers could receive $ 5,000 to $30,000 in relocation assistance . BofA wants to help its financially distressed clients who want to avoid foreclosure.

Bank of America Short Sale For those who are struggling to make their mortgage payments to Bank of America, there may be great news. Bank of America recently announced their enhanced relocation assistance program, where distressed homeowners could receive $5,000 to $30,000 in relocation assistance.

Bank of America says it will provide up to $30,000 in relocation assistance to delinquent borrowers who work with the bank to obtain a preapproved short-sale price before submitting purchase offers.