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Meet Debbie Irons, Keller Williams Advantage

By The Irons Team, Debbie Irons | Agent in Lake Nona, Orlando, FL

Bank of America (BOA) offering up to $30,000 for short sales

Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure.

Under the plan, Bank of America will offer homeowners so-called relocation payments of between $2,500 and $30,000 if they sell their home in a short sale. In short sale deals, the sale price of the home is less than what the seller owes the bank.

The bank first tested the payments in a pilot program in Florida last fall. Under that initiative, Bank of America paid up to $20,000 to borrowers who sold their homes in short sales.

"This program can help customers make a planned transition from ownership when home retention options have been exhausted or they have made a decision not to keep the home," said Bob Hora, an executive for the bank.

Ifyou have a Bank of America loan and you are underwater on your loan, NOW COULD BE THE RIGHT TIME TO SHORT SALE.  Let me take care of all the details. Call me today (407) 908-2890, Debbie@ TheIronsteam.com

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