Bank of America - Short Sale Incentive Program for Florida Home Owners

Bank of America - Short Sale Incentive Program for Florida Home Owners who are under Water!

If you are a Florida Home Owner would like to avoid foreclosure, a short sale may be the perfect option for you. The benefits of a short sale include the fact that you can still live in your home while it is being shown, you will not have a foreclosure appear on your credit history, and you will avoid the potential of a public sale or auction.

When should you consider a short sale? When you can no longer afford to make your mortgage payments and your house is worth less than what you owe. Of course the investor or owner of your loan must approve it, but more investors are open to this option if the home sells at current market value.

Bank of America is now offering a Short Sale Incentive Program for Florida Home Owners. For a limited time Bank of America is offering enhanced relocation assistance to help encourage homeowners to proceed with the short sale process. Between September 26th and November 30th homeowners may be eligible for $5000-$20,000 relocation assistance if successful closing occurs by August 31, 2012. The specific amount is calculated based on the unpaid principal balance.

Exclusions include Ginne Mae, FHA, VA, USDA loans, lot loans, properties outside of Florida, and short sales initiated with an offer. Please keep in mind this assistance cannot be added to any other incentive such as HAFA or Bank of America Proprietary program.

If you are interested in finding out if you qualify for this assistance please feel free to contact Maribeth at 561-262-0898.

If you do not have a mortgage with Bank of America but would like Short Sale Advice contact Maribeth@CallTheHomeDoc.com

If you would like to go directly to Bank of America to see more information regarding their Short Sale Incentive Program for Florida Home Owners - Click Here

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