I am sure that you have heard the news! BOA is offering up to $20,000 as an incentive to distressed homeowners willing to explore a short sale as a foreclosure alternative. This is intended to motivate homeowners to work with BOA on a pre-offer short sale. These programs, like the Home Affordable Foreclosure Alternative (HAFA) may also offer the homeowner the another incentive; the deficiency may be waived!
In order to qualify for the Bank of America Incentive, the property has to be in Florida, the short sale has to be initiated between September 26th and November 30th, the homeowner has to qualify for the HAFA (or BOA short sale) program, the home must be successfully closed before August 31, 2012 and a few other eligibility requirements.
If you are currently having trouble making your mortgage payments and would like more information about this and other Short Sale Incentive programs, please call me, Maureen Legac, right away (941-773-0668) or visit my website www.mortgage-foreclosure-help.com
I am a CDPE (Certified Distressed Property Expert) and work with a team of trained Short Sale Specialists to make sure your needs are met every step of the way. Please contact us with your questions.
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