Cape Coral Short Sale Expert

Cape Coral Florida | Short Sale Expert | Bank of America Cash at Closing.

Bank of America is encouraging distressed homeowners to explore a short sale as option for avoiding foreclosure. Bank of America short Sale Department has created an incentive to Florida Home owners with a $5,000 to 20,000 cash at closing in relocation assistance for the home owner. This program is for a limited time only to help Bank of America wash through all the pre-foreclosure inventory in Florida . Here is how you may qualify for this program Homeowners with property that is located in the state of Florida Short sales initiated without an offer between September 26 and November 30 2011 Minimum relocation assistance is $5,000 and maximum is $20,000, with the specific amount calculated based on the unpaid principal balance Here is how you may not qualify for the program Ginnie Mae, FHA, VA and USDA loans are NOT ELIGIBLE NO LOT LOAN OR VACANT LAND Short sales THAT HAVE CURRENTLY Initiated with an offer are not currently eligible for the enhanced relocation assistance

 

 

Joe Kendall, Broker Associate

Right Choice Realty 

Phone 239-560-0726

Email joek4realestate@aol.com

Search all the homes for sale right here

2 comments • Joe Kendall, Broker Associate Cape Coral, Fort Myers, Naples Florida • November 09 2011 08:35PM

Cape Coral * Fort Myers * Short Sale information* Free Short Sale Help

Cape Coral, Fort Myers & Bonita Springs,  Short Sale Expert Advice written by Joe Kendall, Broker Associate with Sandals Realty. The Short Sale Goverment Program HAFA stands for the Home Affordable Foreclosure Assistance Program it's importance to you the home owner is best described as a program of helping borrowers and a great alternative for you loosing your home to foreclosure.

A short sale or deed-in-lieu is a very smart move for both the lender and the borrower because the home will maintain it's value better when occupied, and the borrower gets to reduce their debt load. If you were not able to get your loan modified, this may be the best option for you since a foreclosure or bankruptcy can affect your credit for 7-10 years

The results of a successful short sale only restricts you from getting a mortgage from Fannie Mae or Freddy Mac for within 3 years. This too helps you restore your credit report a lot quicker then a foreclosure.

The banks are leaning more toward a short sale then foreclosing on your property yet, if you have not been paying your mortgage and they have talked to you over the phone, or in a formal letter asking and requesting your assistance in doing a short sale and you fail to respond or follow through on their request, they will foreclose on  your home. If you do a short sale your chances are very high they will release you from any future debt to them.

The short sale process I have have been using is based on my experience in closing short sale since 2007 . My success will help you achieve a higher success with a release of any future deficiency with your lender.   

Experienced Agent that has successfully closed several short sales is your best choice to help you with closing your bank short sale contract.

I look forward to speaking with you!

 

 

 

 

Joe Kendall, Broker Associate

Right Choice Realty 

Phone 239-560-0726

Email joek4realestate@aol.com

Search all the homes for sale right here

0 comments • Joe Kendall, Broker Associate Cape Coral, Fort Myers, Naples Florida • July 12 2011 08:25PM