Short Sale Relocation Assistance Program Bank Of America

Bank of America is getting agressive in helping out consumers with short sales and are offering Relocation Assistance.
Here is your chanc to get Debt Foregiveness.

Maui Real Estate Broker helps clients with short sales in Hawaii
Howard Dinits R(B)

Is Your Bank of America
Platinum PREFERRED Agent.

Dinits Realty
Kihei, Wailea Maui Hawaii

You may Contact Howard Dinits R(B)
at 808-874-0600 for a free consultation.

 

 

If you initiate a short sale today, Howard Dinits may be able to get you relocation assistance between $5000 and $30,000.00 just for participating in a short sale. Howard will also get you debt forgiveness and this is the most important part of doing a short sale.


Special Offer For Howard Dinits’ Clients.
Limited Time Offer – Pre Approved Short Sale

July 11, 2012

        
Short Sale Relocation Assistance Program:
You could receive
$5,000 to $30,000 in relocation assistance

Howard is here to help You or Your financially distressed friends that want to avoid foreclosure. Dinits, a Short Sale specialist wants to help them. So does B of A.

That’s why Bank of America is excited to announce that for a limited time, they are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $5,000 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property.

Determining if Howard’s clients’ eligibility is easy:
Once Howard initiates the short sale at agent.equator.com B of A evaluate the homeowner for this offer quickly to determine if they qualify for the enhanced relocation assistance.
The homeowner must participate in one of the preapproved price short sale programs, such as HAFA (Home Affordable Foreclosure Alternatives) or Bank of America’s proprietary program. Specific investor participation and eligibility criteria do apply to these programs.

Have an active preapproved price short sale? Don’t worry.
Bank of America is reviewing all current, in-process preapproved price short sale agreements to determine who is eligible for this limited-time offer.  Eligible homeowners actively participating in a preapproved price short sale program (such as HAFA or Bank of America’s proprietary program) will receive a letter if they qualify for the additional relocation assistance.  The relocation assistance will be paid at closing.
Frequently Asked Questions:
Q: How can I find out if my client qualifies for this limited time offer?
A: Call a Bank of America short sale specialist at 1.866.880.1232 Monday – Friday 8 a.m. – 10 p.m.; Saturday 9 a.m. – 5:30 p.m. Eastern.
 
Q: Do I have to do anything special when initiating or completing the short sale?
A: No. But act quickly by initiating the short sale with Howard Dinits of Dinits Realty at 1-877-434-6487.  This is a limited-time offer that you won’t want to miss out on.

Q: If a short sale is initiated with an offer, will it qualify for this relocation assistance?
A: No. This relocation assistance is only available on preapproved price short sale programs.  Short sales initiated at the time an offer is received do not qualify for the enhanced relocation assistance funds.
 
Q: Will the relocation assistance funds be reported on the HUD-1?
A: Yes, funds received at closing will be documented on the HUD-1, and a 1099-MISC will be issued.
 
Q: Can the relocation assistance funds be used to pay off existing liens?
A: Yes, the homeowner may use funds to pay off existing liens or to help with relocation expenses.
 
Q: Is the relocation assistance added to any other incentives, such as the HAFA or Bank of America proprietary program incentives?
A: The homeowner incentive will be inclusive of the $3,000 HAFA incentive.  For example, if the homeowner is eligible for a $5,000 homeowner incentive, $3,000 will be from the HAFA incentive, and $2,000 will be from the homeowner incentive.
 
Q: Is the enhanced relocation assistance available for other programs?
A: Currently, the enhanced relocation assistance is only available to short sale programs initiated without an offer. However, as we gauge the success we may extend this incentive to other programs.

Questions?
Call Howard Dinits R(B) at 877-434-6487 Homeowners may also call 1.866.880.1232 to speak to a Bank of America short sale specialist to ask about this exciting limited-time preapproved price short sale program offering.
 
 * The relocation assistance payment is calculated based on the appraised value of the homeowner’s property.  The total amount will be no less than $5,000, but no more than $30,000.  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 the homeowner must satisfy all junior liens and provide clear title for the property (the relocation assistance payment can be used to clear those liens).  The short sale must close by Sept. 26, 2013.  If the homeowner does not comply with all terms and conditions of the Short Sale Agreement, they will not receive the relocation assistance payment.  The amount of any deficiency and 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 their tax preparer to determine if they have any tax liability.

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