· Banks pay delinquent borrowers $35,000 to sell their homes. In short sales, homes are sold for less than what is owed and the bank forgives the excess debt. Banks have been reluctant to approve such deals in the past — since they take a loss on the home — but in certain cases, it’s become a much better proposition than letting the homeowner fall into foreclosure.
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.
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. "We knew this client was eligible for some relocation assistance but we did not realize it would be this much.
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.
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The big news is Bank of America has announced its propriety natomas short sale program. Under the new Natomas Short Sale program Bank of America is offering between $2500 and $30,000 to those who.
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Short Sale Incentives; Chase Bank Short Sale incentive letter; wisconsin april 2012 Housing Statistics. Bank of America Short Sale Incentive Letter. If you receive a letter from Chase Bank stating that you are eligible for a short sale incentive, please do not throw it away. It is not a scam.
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