If you have Bank of America as your mortgage lender there is some exciting news that short sale realtors throughout the Denver area would like to share with you! Currently Bank of America is offering their customers incentives if they choose to short sale their homes. They have revamped their short sale program and are reaching out to homeowners that are behind on their payments or underwater on their mortgages. So make sure you are reading through all of your mail, because if you are struggling financially, this may be an opportunity you don’t want to pass up.

The most appealing part of their short sale incentive program is that they are offering homeowners anywhere from $5,000 to $30,000 in relocation assistance, depending on the selling price of their home. It is an invitation-only program and here’s what they have been doing. Bank of America is sending out letters to specific homeowners and offering them a monetary incentive if they choose to short sale their home. There may also be other incentives involved, such as full deficiency waivers, so if Bank of America is your lender and you haven’t received a letter from them, contact a Denver short sale realtor immediately. They can check with Bank of America to see if you are eligible for the incentive program or what you need to do to qualify.

There are a few other lenders, such as Chase, that have been redoing their short sale programs and offering incentives to distressed homeowners and it really seems to be working out for all parties involved. If you have any further questions about Bank of America’s new short sale incentive program, want more details or to see if you qualify, please contact a Denver short sale realtor today. Take advantage of this awesome program before it’s too late!