Have you heard about the latest news from Bank of America?
Home Owners now have the opportunity to apply for a preapproved short sale
prior to putting their home on the market and receive up to $30,000 in
relocation money. This move by Bank Of America will reduce the processing time
once a buyer is found for your home which will make the short sale more
attractive to potential buyers and help homeowners move on with their lives.
As attractive as this may sound there is a catch, the short
sale must be initiated prior to the end of this year and close by Sept 13 2013.
If you don’t have a loan with Bank Of America don’t worry because you may still
qualify for another program which may help you receive up to $3,000 in
relocation money.
This new program coupled with the cancellation of debt
program, which expires Dec 31 2012, is a great way for homeowners to begin a
fresh start on life with the possibility of not having to pay back the deficiency
(the balance of the principal after a short sale has taken place).
Another piece of good news you need to be aware of is that
some homeowners may also be able to buy a new home one-day after the short sale
is complete.
Call Makea Turner with Keller Williams Realty Southwest to
set up a FREE no obligation consultation for more details on how you can take
advantage of these opportunities before it is too late.
