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

Belle Sherwin () served on the foundation’s board from 1917 until 1924, and she and her sister, Prudence, added substantially to the foundation’s pool of unrestricted monies with testamentary gifts (worth $6.5 million at the time of Belle’s death in 1955) that created the Henry A. Sherwin and Frances M. Sherwin Memorial Fund at the foundation in honor of their parents.

That’s why Bank of America is excited to announce that for a limited time, we are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property.

Lenders such as Bank of America are even more generous, offering up to $30,000 incentives to homeowners. The bank also has an Own-to-Rent program that allows homeowners to rent their former homes for.

The Cedar Run district sale tops the most recent list of Fauquier property transactions. Also last week, J.P. Morgan Chase Bank took possession of Hesperides, a 179-acre estate just north of.

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If you know someone who is considering a short sale, and they have their loan with Chase or Bank of America, there’s good news. Both banks have launched a national program that pays significant cash incentives to encourage sellers to do a short sale and avoid foreclosure.

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Bank of America’s short sale process is unique, especially with the use of a program called Equator, which each bank uses differently. Navigating these waters can be tricky, but read this and you.

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