The Amanda Brown Team at Nevada Realty Solutions has closed over a 100 successful short sales with Bank of America. If you have a loan with Bank of America and need help, please call us at 702-496-7416. Our experienced team is ready to help you in your difficult situation.
You don't want to wait any longer. Bank of America has programs out there that will put money in your pocket when you close on a successful short sale with them.
This is how Bank of America calculates the relocation asst. money:
The relocation assistance payment is calculated based on the appraised value of the homeowner’s property. With a Home Affordable Foreclosure Alternatives (HAFA) Short Sale the total amount will be no less than $3,000, but no more than $30,000. With a Cooperative Short Sale, the total amount will be no less than $2,500, but no more than $30,000. If the property is the principal residence of a tenant or other occupant, the occupant may be eligible to receive $3,000 of the relocation assistance. If you are eligible for an amount above the $3,000 HAFA relocation assistance, the additional amount will be paid to you. The payment will be delivered at the time of closing if the homeowner complies with all terms and conditions of the Short Sale Agreement, which include but are not limited to the following: a full walk-through appraisal must be completed and you must satisfy all junior liens and provide clear title for the property (the relocation assistance payment can be used to clear those liens). If you are still responsible for a deficiency balance after the sale, you should be aware that this relocation assistance will increase that deficiency since it reduces the amount available to apply towards your mortgage debt. If the homeowner does not comply with all terms and conditions of the Short Sale Agreement, you will not receive the relocation assistance payment. The amount of any relocation assistance will be reported to the Internal Revenue Service (IRS) on the appropriate 1099 Form or Forms. We suggest that the homeowner contact the IRS or your tax preparer to determine if you have any tax liability. In order to receive the relocation assistance, the property must close by September 26, 2013.
Learn more about the programs Bank of America has for their short sales by clicking on the link below.
Considering a short sale with Bank of America
Amanda Brown
Nevada Realty Solutions
702-496-7416
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