BOA Offer $20,000 Short Sale Incentive Program - Do You Qualify?
Bank of America has rolled out a new assistance program encouraging distressed Florida home owners to explore a short sale as a viable option for avoiding foreclosure. This enhanced relocation assistance program is to help motivate homeowners to engage with them on a pre-offer short sale. An additional benefit for these pre-offer programs - such as the Home Affordable Foreclosure Alternatives (HAFA) and Bank of America's proprietary program - is that deficiency may be waived for the homeowner.
Eligibility:
- Available to Florida home owners only
- Short sales must be initiated without an offer between September 26 and November 30
- The Florida home owner will have to be eligible for one of the without offer programs such as the HAFA program or our proprietary program (specific investor participation and eligibility criteria do apply to these programs)
- Successful closing of the eligible short sale by August 31, 2012
- Minimum relocation assistance is $5,000 and maximum is $20,000, with the specific amount calculated based on the unpaid principal balance
Exclusions:
- Ginnie Mae, FHA, VA and USDA loans are ineligible for participation
- Lot loans are ineligible for participation
- Properties outside the state of Florida are ineligible for participation
- Short sales initiated with an offer are not currently eligible for the enhanced relocation assistance. The relocation assistance is essentially an enhancement to the standard payout offered on these programs.
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The Prestige Properties Team has over 30 years of real estate experience from the US to Canada and speaks seven languages including English, Spanish, Polish, German & Russian. We are a woman owned minority business that does extensive community outreach. We are viewed by ourselves and others as a shining example of an unstoppable team that others are drawn to. We seem to grow and excel beyond all expectations and we value each other and support each other both professionally & personally.
The Prestige Property Team is a leader in the South Florida real estate market. The team assists buyers looking for Miami real estate for sale and aggressively markets South Florida homes for sale. They are also Certified Distressed Property Experts (CDPE), committed to helping families in financial hardship find options to foreclosure. For more information you can visit EllenHelpsHomeowners.com.
You can reach the Prestige Property Team by calling 954-292-6412 or email.
