Good News – Bank of America to Provide Relocation Assistance to Struggling Home Owners
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.
Filed under: Real Estate
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