Lakeland Fl Homes for Sale, Real Estate and more...

head_left_image

Attention Distressed Lakeland FL Homeowners - Bank Of America Announced Relocation Assistance Up To $20,000

Attention Distressed Lakeland FL Homeowners - Bank Of America Announced Relocation Assistance Up To $20,000

I recently listed a Lakeland FL Short Sale that is being serviced by Bank of America.  Generally, I do not initiate a short sale in Equator until a have a fully executed contract and right about the time I acquired the listing I received an email from Bank of America announcing that Florida Homeowners may be eligible up to $20,000 relocation assistance.  
 
My seller according to the guidlines may be eligible, so I phoned Bank of America Short Sale specialist at 1-877-459-2852.  I was told to initiate the short sale first in the Equator and upload the third-party Bank of America Short Sale Relocation Assistance for Florida Homeownersauthorization signed by my seller and wait 2 business days.  Today is Saturday, I thought it would be a great day to call back to inquire about my clients eligibility.  Although it states that Bank of America's hours of operation is Monday-Friday 8 a.m. - 10 p.m.; Saturday 9 a.m. to 5:30 p.m. Eastern, the automated message clearly stated that the office is closed today (Saturday).  No Saturday callings from me!
 
I do want to get the word out to homeowners in Lakeland FL and the surrounding communities who are still on the fence about short sales and paying or have paid their mortgage to Bank of America. 
 
Working as a Lakeland FL Short Sale Agent, researching and studying short sales, I have been subscribing to many lenders for short sale updates.  This is the best update I have seen so far: Bank of America were they just announced that Florida homeowners may be eligible to receive anywhere from $5,000 - $20,000 cash relocation assistance.  
 
 
I have seen Bank of America allowing sellers up to $3,000 relocation assistance for approved HAFA and their own co-op short sales, however this is good news for distressed Lakeland Fl homeowners or any Florida homeowners, especially homeowners who are still contemplating about short sale.  I would have to say, now may be the right time to act.  You do have to meet Bank of America's eligibility criteria:
  • Homeowners with property in Florida
  • Short Sales initiated without an offer between September 26 and November 30, 2011 - time to act now!
  • Must be eligible for one of the without offer programs such as the HAFA program or Bank of America's proprietary program.
  • Must sucessfully close by August 31, 2012

There are some exclusions that apply at this time, such as:

  • Ginnie Mae, FHA, VA and USDA loans 
  • Lot loans
  • Properties outside the State of Florida
  • Short Sales initiated with an offer

Again, I want to make clear this is for Florida homeowners, it is for a limited time and the deadline to initiate Lakeland Fl short sales is November 30, 2011.  If you own a home in Lakeland, Bartow, Mulberry, Polk City, Auburndale, Winter Haven, Dundee, Plant City that is mortgaged by Bank of America, call an experienced Lakeland FL Short Sale Agent by calling (863) 619-6918.

The statement from Bank of America is reproduced here for further clarification

 

Bank of America - Enhanced Florida Short Sale Relocation Assistance

 

IMPORTANT NOTICE: CDV Transatlantic,Inc. is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.

 

Subscribe to my Active Rain Blog   Facebook  LinkedIn  Follow me on Twitter Virtual Tours & Videos  Subscribe to LakelandFloridaLiving.com  Lakeland Florida Real Estate

Copyright © 2011 By Petra Norris *Attention Distressed Lakeland FL Homeowners - Bank Of America Announced Relocation Assistance Up To $20,000*



 

Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
 
CDV TransAtlantic Inc
(863) 619-6918