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Betty Stroll's Blog

By Betty Stroll | Agent in Westport, CT

Did you know you can initiate a short sale before you have an offer with BOA????

You are searching to avoid foreclosure at all costs. I want to help you as well as, Bank of America.

The program is  called the Short Sale Relocation Assistance Program:

Limited time.

PreapprovedPriceShort Sale Program

Qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 -$30,000* in relocation assistance

Homeowners could owe no more on their mortgage with the sale of their property.

the fine print:
*The relocation assistance payment is calculated based on the appraised value of the homeowner’s property. The total amount will be no less than $2,500, but no more than $30,000. The payment will be delivered at the time of closing if the homeowner complies with all terms and conditions of the Short Sale Agreement, which includes but are not limited to the following: a full walk-through appraisal must be completed and the homeowner must satisfy all junior liens and provide clear title for the property (the relocation assistance payment can be used to clear those liens).The short sale must close by September 26, 2013. If the homeowner does not comply with all terms and conditions of the Short Sale Agreement, they will not receive the relocation assistance payment.The amount of any deficiency and relocation assistance will be reported to the Internal Revenue Service (IRS) on the appropriate 1099 Form or Forms. We suggest that the homeowner contact the IRS or their tax preparer to determine if they have any tax liability.

If you wish to know more  about the program please contact me at 203-682-4327. No obligation. All calls are confidential.

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