Bank of America expands short sale incentive to $30,000

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 · JPMorgan Chase went national with short-sale incentive offers last year, paying up to $35,000 in some cases. Bank of America is testing incentives from $5,000 to $25,000 in Florida to see if they should be expanded to more states.

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If you receive a letter from Chase Bank stating that you are eligible for a short sale incentive, please do not throw it away.It is not a scam. Distressed home owners have been receiving these letters for over a year now, and guess what? They are the real deal!

Lenders such as Bank of America are even more generous, offering up to $30,000 incentives to homeowners. The bank also has an Own-to-Rent program that allows homeowners to rent their former homes.

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That’s why Bank of America is excited to announce that for a limited time, we are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property.

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