Bank of America’s Cooperative Short Sale Program

Bank of America’s Cooperative Short Sale Program is a new program that began in January 2011 to help provide the quickest route to a short sale decision so that homeowners may explore all their options and avoid foreclosure. Additionally, this streamline approach minimizes challenges of traditional short sales such as having to wait up to 60 days for a representative to even be assigned to your sale.

If qualified, Bank of America will work with homeowner and real estate agent prior to the marketing the home to reach an agreement on the terms of the short sale including approval of the seller and listing price. This means that once an offer is submitted, the Bank will respond to the buyer’s offer in 10 days!! The upside: there are no surprises and the seller will be able to avoid the stigma of a foreclosure!

Benefits of a Successful Cooperative Short Sale with Bank of America:

  • Bank of America will pay the Seller $2,500 for moving expenses
  • Bank of America will not pursue the deficiency amount
  • Bank of America will not foreclose on your home
  • Bank of America assigns a listing price- then re-assesses the price every 2 weeks, until a buyer is found

Eligibility requirements include asset reviews, no second liens or Mi on loan, and require participating investors. To find out if you are eligible, contact Bank of America Short Sale Team at 1-866-880-1232.

Exit Real Estate Solutions is here to help you! If you want to learn more about this short sale program or many more home financing programs, feel free to contact us at our website.

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Blog Signature: Bank of America, Short Sale, Foreclosure, Financing Programs, Selling your home, Avoiding Foreclosure, Behind on Payments, Exit Real Estate Solutions, Jae Kim

Columbia,SC EXIT Real Estate Solutions – Jae Kim, Broker
Buying or selling a home or property should be one of the most enjoyable experiences of your life.  Most of the time, it’s the largest investment you will make.  Jae Kim of EXIT Real Estate Solutions in Columbia, SC is your Award Winning Real Estate expert in BlythewoodColumbiaLugoffElginLexingtonIrmo,ChapinCamden,
CayceWest Columbia, and the rest of Greater Columbia.  This is what we do every day. We can simplify the process for you so that you can enjoy the the experience and avoid the pitfalls that often result in stressful transactions.  Call 803-348-3052 today for World-Class, Award- Winning representation.