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Banks Paying Homeowners Significant Cash Incentives for Short. – If you know someone who is considering a short sale, and they have their loan with Chase or Bank of America, there’s good news. Both banks have launched a national program that pays significant cash incentives to encourage sellers to do a short sale and avoid foreclosure.
Bank of America Short Sale Relocation Assistance Program – If you are a busy short sale agent, then you probably have already heard about Bank of America’s Short Sale Relocation Assistance Program. It’s a pretty good deal for those who qualify-between $2500 and $30,000 payable to the short sale seller at closing.
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BofA Offering Up to $30K in Relocation Assistance for Short. – 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.
The Reason the Fed is Raising Rates, and Why It Won’t Work – The Fed is raising rates because there is now widespread agreement. they would do if interest rates suddenly surged upward..bank of America also says a 1-percentage-point rise in short-term rates.
What Is a Short Sale? – THE SHORT SALE PRO – The reason they do this is because in a short sale the bank/lender will typically end up with more money than if they’d foreclosed. For instance, Bank of America has a COOP program that allows people to receive $2500 at closing. Bank of America also has state specific short sale programs that can also provide an additional $30,000 at closing.