Bank of America offers relo assistance to short-sellers
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. Short sales must be initiated by the end of this year, and payments may range from $2,500 to $30,000. This program is available in Arkansas.
If you are experiencing difficulty in making your house payments, or feel that you can’t sell your home for what you paid for it, or enough to cover the outstanding mortgage debt, call me about a possible short sale option. Do not think that a foreclosure is your only option! With a short sale, I can get the bank to forgive your debt and the lender will pay all of your real estate and closing fees. It is possible that you have no out of pocket expenses, and you get relocation money! Short sales create a win-win situation for the homeowner and the lender. They are becoming more popular than a foreclosure, and lenders are shorting their decision times to within a month.
Regardless of who your lender is, a short sale is a better option for you and the lender!
As always, my family relies on referrals! I appreciate the opportunity to show others what level of service a true real estate professional can provide.
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