Bank of AMerica New Short SALE Relocation Assitance

Bank of America or BOA for short has once again initated its relocation assistance.
This time they are providing up to $30,000 in relocation assistance. Not all distress sellers will qualify for this program. If you are deliquent on your mortgage I would advise to call Bank of America and inquiry on moving assistance.
Please see below for a list of questions and answers from Bank of America.

Frequently Asked Questions:
Q: How can I find out if my client qualifies for this limited time offer?
A: Call a Bank of America short sale specialist at 1.877.459.2852
Monday - Friday 8 a.m. - 10 p.m.; Saturday 9 a.m. - 5:30 p.m. Eastern.

Q: Do I have to do anything special when initiating or completing the short sale?
A: No. But act quickly by initiating the short sale at agent.equator.com.  This is a limited-time offer that your clients won't want to miss out on.

Q: If a short sale is initiated with an offer, will it qualify for this enhanced relocation assistance?
A: No. Short sales initiated at the time an offer is received do not qualify for the enhanced relocation assistance funds.

Q: Is the enhanced relocation assistance eligible to non-owner-occupied properties?
A: Yes, it is available to non-owner-occupied properties.

Q: Will the relocation assistance funds be reported on the HUD-1?
A: Yes, funds received at closing will be documented on the HUD-1, and a 1099-MISC will be issued.

Q: Can the relocation assistance funds be used to pay off existing liens?
A: Yes, the homeowner may use funds to pay off existing liens or to help with relocation expenses.

Q: Is the enhanced relocation assistance added to any other incentives, such as the HAFA or Bank of America Cooperative Short Sale Program incentives?
A: The homeowner incentive will be inclusive of the $3,000 HAFA incentive. For example, if the homeowner is eligible for $5,000, then $3,000 will be from the HAFA funds and the remaining $2,000 will be from Bank of America homeowner incentive funds.


Please feel free to call or email with any short sale questions or concerns.
Thank you,

Ainsley Daux
Florida Realty
(813)546-1954

New Short Sale.....Great fixxer upper in Pinellas Park

This is a bank approved short sale.
Some work is needed but the potential is there.
Location, location, location, this is lake front home it boast 3 bedrooms, 2 bedrooms, 1 car
garage, almost 1500 sq ft...
Take advantage of this short sale.

Ainsley Daux
Florida Realty

(813) 546-1954