We looked beyond the troubled national banks, such as Citigroup and Bank of America, which have cut way back on business. hundreds of alternative financing companies can provide you with short-term.
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Bank of America offering up to $30,000 for short sales NEW YORK (CNNMoney) — Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short.
However, in May of 2012, Bank of America announced that they would be launching incentive programs nationwide, providing borrowers with more relocation assistance when a qualifying short sale transaction is completed. Borrowers that qualify for the program may be eligible to receive between $2500 and $30,000 in cash when the short sale closes.
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The major lenders who settled a lawsuit, including Bank of America, Chase, and Wells Fargo are offering some homeowners up to $30,000 for short selling in certain situations. Other lenders offer different benefits. All costs associated with performing the short sale are paid by your lender.
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Bank of America Announces Its Short Sale Relocation Assistance Program: Consumers could receive $ 5,000 to $30,000 in relocation assistance . BofA wants to help its financially distressed clients who want to avoid foreclosure.
If you have a Bank of America home equity loan or line of credit, we’ll take care of getting approvals for your short sale. If your loan or line of credit is with another lender, contact that lender and request a Second-Lien Release. The lender needs to provide this document and send it to you.