The Florida Enhanced Short Sale Relocation Assistance Program has been extended to Dec. 12, 2011.
This program offers enhanced relocation assistance
to help encourage homeowners to engage with Bank of America on a pre-offer short sale. Homeowners may be eligible for relocation assistance between $5,000 and $20,000.
Eligibility:
- Homeowners with property in Florida
- Short sales initiated without an offer between Sept. 26 and Dec. 12, 2011
- The customer will have to be eligible for one of the without an offer programs, such as the Home Affordable Foreclosure Alternatives (HAFA) program or Bank of America's proprietary program (specific investor participation and eligibility criteria do apply to these programs)
- Successful closing of the eligible short sale by Aug. 31, 2012
Exclusions:
- Ginnie Mae, FHA, VA and USDA loans are ineligible for participation
- Lot loans are ineligible for participation
- Properties outside Florida are not eligible for participation
Short sales initiated with an offer are not currently eligible for the enhanced relocation assistance.