Mortgage Lenders News

Bank of America expands short sale incentive to $30,000

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Watt is trying to ease credit to deserving borrowers while stopping short of. officer of Bank of America Corp., said his company won’t be extending credit to a broader range of borrowers. “You.

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If you are a busy short sale agent, then you probably have already heard about Bank of America’s Short Sale Relocation Assistance Program. It’s a pretty good deal for those who qualify-between $2500 and $30,000 payable to the short sale seller at closing.

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Bank of America Now Offers Up to $30,000 in Relocation Assistance. In addition to programs such as HAFA or other short sale incentive programs offered by other lending institutions, Bank of America announced last week that they are now offering certain short sale sellers up to $30,000 in short sale incentive money.

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My mortgage application was turned down. Now what? Still, just because one lender rejects your mortgage application doesn't. So if you've been denied a home loan, the first step is to ask the lender. “It's very common to be turned down by one lender and then be able to get.

Bank of America offers up to $30K for short sale. qualifying Bank of America borrowers could receive anywhere from $2,500 to $30,000 in cash upon the close of a short sale. The amount of assistance provided under the new program is determined on a case-by-case basis, taking into consideration the value of the home, amount owed and other considerations not clarified in the press release.

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Bank of America said Tuesday it’s launching a nationwide program that pays homeowners as much as $30,000 to complete short sales. The lending giant tested a similar program in Florida last year.