Bank of America Offering $2500+ Incentives To Homeowners Pursuing Short Sale Route

Bank of American last year instituted a pilot program of offering incentives to homeowner’s in Florida to encourage them to sell their homes with the short sale process rather than letting their home go to foreclosures.¬† They have now rolled out the program nation wide.

The banks realize  it is less expensive for them to have defaulting home owners complete a short sale. That only took a few years to come to that realization.

The incentives range from $2,500 to as much as $30,000 as relocation assistance. If you have a Bank of America Mortgage contact them to see if your mortgage qualifies. The incentive program will end September 2013, but the forgiveness of debt act expires December 2012.


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