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 email@example.com. 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 HeadlinesHidden Falls Regional Park Expansion CelebrationMore than 100 people gathered at the foot of a rustic-looking bridge that traverses a scenic creek deep in a secluded canyon Tuesday to celebrate the expansion of Placer County's Hidden Falls Regional Park.
Water Rate Increase for Placer County Residents?The Placer County Water Agency staff presented the Board of Directors with recommendations for an adjustment to its Zone 1 water rates.
Northstar among summer golf options at Lake TahoeLake Tahoe has many course options for visitors and locals. Northstar Golf Course is one of those options.
Plague Activity in the Tahoe AreaDue to increased plague activity in the Tahoe Basin area last fall, public health officials advise caution this summer. With the upcoming Memorial Day holiday heralding the unofficial
Roseville Fires Back in Contract Talks with Police UnionThe City of Roseville continues to work toward a labor agreement with the union leadership of the Roseville Police Officers Association.
Placer SPCA Microchip Clinic in Auburn May 25Roseville, CA - Placer SPCA is holding a Microchip Clinic on Saturday, May 25, at the Placer SPCA in Auburn, located at 1482 Grass Valley Highway.
Waiting for the AppraisalSacramento Realtor and short sale expert, Julie Jalone of MagnumOne Realty in Roseville. Writes about the how difficult it has been for appraisers to keep up with the rapidly increasing prices in the Sacramento area housing market.
Roseville Crime Report Update (5-22-13)The weekly crime report for Roseville, California for May 22, 2013.