If you are currently underwater and have a mortgage with Bank of America, you need to know about the new Bank of America relocation assistance program. Announced yesterday, Bank of America will provide between $2,500 and $30,000 in relocation assistance to homeowners who work with BoA to get a pre-approved short sale price. The money will be awarded after sale of the home and the amount will be calculated using the value of the home, amount owed, and other unspecified factors. In order to be eligible, the short sale must be initiated by the end of the year, BEFORE offers are received, and closed by September 26, 2013.
If you feel you qualify for this program or have any questions about the short sale process and what this announcement means, please contact The Cameron Team at (910)202-2546 or send us a message at our Contact page. Melanie is a Certified Short Sale Specialist with experience selling short sales. She would be happy to answer all your questions and help you sell your Wilmington area home.