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 HeadlinesRoseville Ranked 3rd in Top Digital CitiesThe Center for Digital Government (CDG) named the City of Roseville, California one of the top technologically progressive and innovative cities its size in the United States for 2013.
What to Know Before You Go to the DoctorIf you are seeking optimal health, the good news is that it is easier and less complicated than you may think. Below are the "no-brainer" things that you must know.
Nissan Altima a fairly sporty family sedanFor a family sedan, the 2014 Nissan Altima can be fairly sporty. If you have a teenaged driver who likes to "borrow" the car, you might think twice about flipping them the car keys.
Rocklin Crime Report Digest Update (12-9-13)The Rocklin Police Department's weekly crime report digest for the period of November 25 to December 2, 2013.
Amputee Becomes ProsthetistAt age 15, many high school boys dream of dunking basketballs or catching footballs. Mike Schulenberg was dreaming of surviving cancer.
Sheri Del Torchio Joins Community 1st BankCommunity 1st Bank announced today that Sheri Del Torchio has been named Assistant Vice President, Credit Analyst. She has 12 years of experience in multiple roles in banking within the Sacramento region.
Roseville Fire Departments Toys for Tots Support The Roseville Fire Department's annual toy drive to benefit the U.S. Marines' Toys for Tots program has begun and continues through December.
Suspect ID Sought in Granite Bay BurglaryPlacer County Sheriff's detectives are asking for the public's help in identifying a possible Granite Bay burglary suspect.