Bank of America is paying for short sales
Bank of America is now paying up to $30,000 in relocation assistance for homeowners who are looking to short sale their homes. This is an offer that could not come at a better time as Sacramento homeowners are scrambling to complete short sales between now and the end of the year when the forgiven debt exemption expires (see my column: Time is Running Out on Short Sale Tax Break).
To qualify for the relocation assistance payment, the seller and their Realtor must work proactively with the bank to obtain a preapproved sales price prior to submitting a purchase offer to the bank. A short sale must be initiated by the end of this year and close by September 26, 2013, to be eligible for the payment. Qualifying short sales that have already been started but have not closed may be eligible for the relocation assistance.
The amount of assistance provided under the new program will be determined on a case-by-case basis using a calculation that includes the value of the home, amount owed and other considerations.
Initially, the program will be offered on mortgages that are owned and serviced by Bank of America and includes non-owner occupied properties.
If you want to find out if you qualify for the Bank of America relocation assistance, feel free to give me a call at the MagnumOne office in Roseville or send me an email to firstname.lastname@example.org. With some basic information from you we can work with BOA to determine your eligibility.
Julie Jalone, wife and mother living in Rocklin, is an experienced professional Realtor ® serving
the Greater Sacramento area including Placer, El Dorado, Yolo and Yuba counties.
Julie may be reached online at www.jalone.com or by calling (916) 276-6883
Check out her daily web blog: Keep it Real in Sacramento
Placer County News HeadlinesCalifornia Limits Full Contact Football for StudentsGovernor Jerry Brown signed into law AB2127 which limits, but does not eliminate full contact football practices for middle and high school students.
Beware of Deceptive Home Improvement OffersThe California Contractors State License Board (CSLB) is urging consumers to be aware of home improvement offers by individuals who use unethical business practices to gain entry into their homes
Continuous Improvement Network: August 6th & 20thSierra College CACT provides Value Stream Mapping Training in Sacramento on August 6 & 20 for the Continuous Improvement Network
Alternative Transportation Programs in Placer CountyPlacer County Transportation Planning Agency (PCTPA) is your resource for information about alternative transportation services in Placer County.
Auburn Woman Attacked Inside HomePlacer County sheriff's detectives are looking for a man who attacked a woman at her north Auburn home early this morning.
Western Nationals Softball Tournament in Roseville and LincolnASA Softball is bringing the Western Nationals for the Girls B 10U & 12U divisions to the Placer Valley Area. The event is six days long, taking place from July 28-August 3.
Tahoe Public Projects Garner AttentionTahoe Transportation District has been recognized nationally and by the state of Nevada for its positive impacts, collaborative initiatives, environmental enhancement, and service to the community's
Rocklin National Night Out Events August 5thEach community member is invited to join their neighborhood watch group and the Rocklin Police Department for National Night Out on Tuesday, August 5, 2014.
Recovery Plan for California Salmon and SteelheadNOAA Fisheries and the California Department of Fish and Wildlife (CDFW) jointly released two plans to restore populations of salmon and steelhead in California's Central Valley
Rocklin Crime Report Digest Update (7.22.14)The Rocklin Police Department's crime report digest update for the period of July 15, 2014 - July 21, 2014.
Noodles & Company Opening Roseville and Rocklin LocationsNoodles & Company is opening two new locations in Roseville and Rocklin over the next two weeks.
Raley's Wins Telly AwardsRaley's has been awarded an astounding total of 24 Telly Awards in Commercial and Online Video categories