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

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Bank of America is excited to offer enhanced relocation assistance. Qualified homeowners who initiate a Preapproved Price Short Sale (without an offer) could be eligible to receive $5,000 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property, depending on the investor involved.

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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.

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.

BofA Offering Up to $30K in Relocation Assistance for Short sales 05/18/2012by: esther cho 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.

It has shown, for example, that some major lenders such as Bank of America. an expansion of the program, giving lenders incentive money to allow borrowers to sell their homes for less than their.

Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend.

Musk introduced the brand’s first sales incentive on July 29 and on Aug. 5 said that deliveries may fall 10 percent short of the original goal. jpmorgan chase & Co., Deutsche Bank AG, Bank of.

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.

Bankers say this could trigger asset sales and. Sachs Group Inc., Bank of America Corp., Morgan Stanley, State Street Corp. and Bank of New York Mellon Corp. Based on the largest banks’ September.