Bank of America this afternoon announced their new enhanced short sale relocation assistance program. They said “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”.

This also applies to Countrywide borrowers.

The homeowner must participate in one of the pre-approved price short sale programs, such as HAFA (Home Affordable Foreclosure Alternatives) or Bank of America’s proprietary program.

Call me now and let me explain how their program works and let’s see if this increased assistance program makes sense for you.