Have you been sitting on the fence about selling your Destin or Santa Rosa Beach Florida property as a short sale? Now may be the time to act. Bank of America has just announced that Florida sellers may be able to receive $5000 to $20,000 cash incentive at closing for completing a short sale. There are existing Bank of America programs that pay sellers $1500 to $3000, but this move is unprecedented. To qualify, you'll need to initiate your short sale prior to getting a contract on your Destin or Santa Rosa Beach home.
Apparently, Bank of America is enhancing its offerings to exceed federal HAFA guidelines, which currently suggest a $3000 relocation incentive to the short sale seller, and its own Co-op Program, which pays less. They are only offering the incentive to eligible Florida sellers before they get a contract at this time, but hint at future program changes
Some loans don't qualify for the program - VA Compromise Sales, Ginnie Mae, FHA and USDA, lot loans and others. If you own a property in Destin, Sandestin, Santa Rosa Beach or surrounding towns, have a Bank of America mortgage and need to short sale, the time may be now. So get a Destin short sale agent on your side, and maybe get some cash. The deadline is November 30.
Florida Enhanced Short Sale Relo Assistance
It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com
Destin Short Sales & Pre Foreclosure Help.
Wendy is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". Call Wendy Rulnick, Broker/Owner, to list and sell your home or condo on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County- Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.
That's pretty interesting news, Wendy, and I bet there are a number of home owners who will qualify. Hopefully they will take advantage of the opportunity AND become your clients.
Jeff
Jeff - I think BOFA is trying to make up for some things they didn't do :) I hope a lot of people do qualify... Thank you.
Wendy, I think BOFA will have to do a lot more than this to make up for what they didn't do...but it's good news for Destin home owners considering a short sale.
Interesting news Wendy. Thanks for the info. Let's see if the back this up with their actions as well!
Sounds like a lot to know working with Bank of America for these short sales. You are the right lady with all the resources and expertise.
Laura - Believe me, if it is successful, you'll find out here :)
Gabe - I will find out and let you know!
Eileen - Thank you. My sellers who have BOFA mortgages are really excited about this. I wonder how many will qualify? I will write the success stories, believe me.
Yep - I'm with you on this one, B of A must be trying to make up for some of their previous sins....I hope it works.