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Bank of America is Offering Homeowners Relocation Assistance

By Mike in with 0 Comments

The real estate market has recently seen banks encouraging home owners to proceed with short sales as the foreclosures process seem to be much more expensive. According to Realtor Magazine and their recent article BofA Offers Up to $30K to Owners for Short Sales, Bank of America has offered their home owners a relocation assistance that could be anywhere from $2,500 to $30,000 should they complete a short sale. One of the reasons that the banks are starting to push for short sales in front of foreclosures is that short sales usually sell for more that homes that are in foreclosure.