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SteveMun's Blog

By SteveMunGroup | Agent in San Jose, CA

Bank of America now offering up to $30K to encourage distressed homeowners to do short sales

Yes, Bank of America wants you to do a short sale if you are a borrower in distress.  They are offering some serious financial incentive to entice home owners to participate in short sales rather than permit their homes to go into foreclosure.  

You see, lenders will make more money on short sales than foreclosures.  Even if BofA is offering homeowners a $30K check, they will still net more in the end through a short sale.  This is their loss mitigation effort.  

So if you are at the end of your ropes due to unemployment or some other financial distress which prevents you for making your mortgage payments, then why not take BofA on their offer?  Everyone comes out ahead.  

Learn more below.  


Steve Mun Group

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