Homes For Sale Orlando

Attn. Distressed Homeowners

Please read the important notice below provided by Bank of America regarding relocation assistance incentives for distressed homeowners.  Contact me if you are in danger of losing your home to foreclosure and need assistance with selling your home as a short sale. I can help!

Bank of America Distressed Homeowners -
Florida Enhanced Short Sale Relocation Assistance
Florida homeowners may receive $5,000 to $20,000 in relocation assistance.

Bank of America encourages distressed homeowners to explore a short sale as a viable option for avoiding foreclosure. To that end, for a limited time we are offering enhanced relocation assistance to help motivate homeowners to engage with us on a pre-offer short sale. An additional benefit for these pre-offer programs - such as the Home Affordable Foreclosure Alternatives (HAFA) and Bank of America's proprietary program - is that deficiency may be waived for the homeowner.

Eligibility:

-Homeowners with property in Florida /Short sales initiated without an offer between September 26 and November 30. The customer will have to be eligible for one of the without offer programs such as the HAFA program or our proprietary program (specific investor participation and eligibility criteria do apply to these programs)

-Successful closing of the eligible short sale by August 31, 2012

-Minimum relocation assistance is $5,000 and maximum is $20,000, with the specific amount calculated based on the unpaid principal balanceExclusions: Ginnie Mae, FHA, VA and USDA loans are ineligible for participationLot loans are ineligible for participationProperties outside the state of Florida are ineligible for participationShort sales initiated with an offer are not currently eligible for the enhanced relocation assistance

  *  The relocation assistance payment is calculated based on the unpaid principal balance of the homeowner's loan and the type of short sale that the homeowner completes, but will not be less than $5,000 or more than $20,000. The payment amount will be calculated based on the homeowner's loan balance as of August 2011 and the short sale program in which the homeowner is eligible. The payment will be delivered at the time of closing if the homeowner complies with all terms and conditions of the Short Sale Agreement, including the satisfaction of all second liens and presentation of clear title for the property (the relocation assistance payment can be used to clear those liens). If the homeowner does not comply with all terms and conditions of the Short Sale Agreement, the homeowner will not receive the relocation assistance payment.  Even if the homeowner receives relocation assistance, Bank of America, N.A., and their successors and assigns may reserve and retain the right to pursue collection of any deficiency following the completion of the short sale, unless otherwise prohibited by law. The amount of the deficiency and relocation assistance will be reported to the Internal Revenue Service (IRS) on the appropriate 1099 Form or Forms.  We suggest that homeowners contact the IRS or their tax preparer to determine if they have any tax liability. This offer is for Florida properties only.  To receive the relocation assistance, the property must close by August 31, 2012.

We can help you find the answers.