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

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That’s why Bank of America is excited to announce that for a limited time, we are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property.

Just days after Bank of america officially announced its nationwide program offering up to $30,000 in relocation assistance for short sales, a Massachusetts-based real estate company revealed in a blog that one of its clients was approved to receive $10,000.

 · Bank of America, for example, announced this week that it will offer its short-sale incentive program, piloted in Florida, nationwide. Under the program, delinquent homeowners can get up to $30,000 in relocation expenses once they complete a short sale. One challenge with short sales is that they’re complicated.

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We suggest that you contact the IRS or your tax preparer to determine if you have any tax liability. In order to receive the relocation assistance, the sale of the property must close by the closing date in the short sale agreement. Bank of America reserves the right to change or alter the relocation assistance at any time.

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Just days after Bank of America officially announced its nationwide program offering up to $30,000 in relocation assistance for short sales, a Massachusetts-based real estate company revealed in a blog that one of its clients was approved to receive $10,000. "We knew this client was eligible for some relocation assistance but we did not realize it would be this much.

Analysts at Bank of America Corp. and Mizuho. on industrial output and retail sales for April and investment for the first four months, while the central bank is set to report on April lending and.

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That’s why Bank of America is excited to announce that for a limited time, we are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property.

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