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

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

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Bank of America Now Offers Up to $30,000 in Relocation Assistance. In addition to programs such as HAFA or other short sale incentive programs offered by other lending institutions, Bank of America announced last week that they are now offering certain short sale sellers up to $30,000 in short sale incentive money.

If you receive a letter from Chase Bank stating that you are eligible for a short sale incentive, please do not throw it away.It is not a scam. distressed home owners have been receiving these letters for over a year now, and guess what? They are the real deal!

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"Bank of America Merrill Lynch" 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.

The major lenders who settled a lawsuit, including Bank of America, Chase, and Wells Fargo are offering some homeowners up to $30,000 for short selling in certain situations. Other lenders offer different benefits. All costs associated with performing the short sale are paid by your lender.

NPV Short Sale Incentive Program, a deficiency waiver short sale program offering borrowers $5,000 to $30,000 in incentives for a closed short sale Conceptualized and piloted Short Sale.

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Bank of America offers up to $30K for short sale. Qualifying Bank of America borrowers could receive anywhere from $2,500 to $30,000 in cash upon the close of a short sale. The amount of assistance provided under the new program is determined on a case-by-case basis, taking into consideration the value of the home, amount owed and other considerations not clarified in the press release.

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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.

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