Bank of America has finally realized that reducing their
shadow inventory and avoiding foreclosures is the key to expediting the
economic recovery. They have streamlined
their short sale process and are now offering homeowners up to $30,000 in
relocation assistance to those who short sell their home.
To qualify a homeowner must begin the short sale process
prior to the end of 2012 and the deal must close by September 26, 2013. The money offered can be anywhere from $2500
to $30,000. Something is better than
nothing and nothing is what you get if you allow your home to go to
foreclosure.
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