FORECLOSURE = ZERO
SHORT SALE = Up to $30,000 for You!!!
Did you know that some banks (Chase and now Bank of America) are giving HUGE incentives to homeowners if they choose to short sale a home rather than let it foreclose?
I just got an email from Bank of America a few days ago explaining the program. It’s called a Streamlined, Cooperative short sale, and it has a number of key advantages for the homeowners.
- The homeowner is guaranteed a payment of at least $2,500 and UP TO $30,000 if you qualify for this program. This is called “Relocation Assistance.”
- The program requires very, very little in the way of paperwork. It’s not necessary to gather 2 years of income tax returns, bank statements, pay stubs, hardship letter, and a financial statement. You only have to fill out 3 very simple documents.