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

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Bank of America Short Sales. Borrowers that qualify for the program may be eligible to receive between $2500 and $30,000 in cash when the short sale closes. The assistance offered by Bank of America is decided on each individual case. However, the determination process takes into account the amount owed, the home’s value and various other factors.

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.

Bank of America Announces Its Short Sale Relocation Assistance Program: Consumers could receive $5,000 to $30,000 in relocation assistance. BofA wants to help its financially distressed clients who want to avoid foreclosure. That’s why Bank of America is excited to offer enhanced relocation assistance.

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Bank of America offering up to $30,000 for short sales. Under the plan, Bank of America ( BAC, Fortune 500) will offer homeowners so-called relocation payments of between $2,500 and $30,000 if they sell their home in a short sale. In short sale deals, the sale price of the home is less than what the seller owes the bank.

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I need a $ 30000.00 loan for one year. I’m willing to pay $600.00 a month of interest and the pay the entire loan back in full when the year is over.. For example: accept credit cards This will search for documents containing the words accept, credit, and. Bank of America is not.

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 before submitting purchase offers.