If you are a Florida home owner with a Bank of America loan, and you are unable to make your mortgage payments, or are about to fall behind, Bank of America just announced (October 4, 2011) a new short sale program that will give relocation and home owner assistance from $5,000 to $20,000 This program also will waive any defiency on your loan. Here are a few of the details:

Eligibility:
*Homeowners with property in Florida

*Short sales initiated without an offer between September 26 and November 30

*The customer will have to be eligible for one of the without offer programs such as the HAFA program or our proprietary program (specific investor participation and eligibility criteria do apply to these programs)

*Successful closing of the eligible short sale by August 31, 2012

*Minimum relocation assistance is $5,000 and maximum is $20,000, with the specific amount calculated based on the unpaid principal balance

Exclusions:

*Ginnie Mae, FHA, VA and USDA loans are ineligible for participation

*Lot loans are ineligible for participation

*Properties outside the state of Florida are ineligible for participation

*Short sales initiated with an offer are not currently eligible for the enhanced relocation assistance

If it sounds like you qualify for this program, please call us 772-335-5400, or email us for more details. We will be happy to answer any questions you may have.