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October 13th, 2011 10:32 AM
Bank of America has begun a pilot program in Florida, offering extra incentive payouts to distressed homeowners who agree to and successfully close on a short sale.

Incentive payments for relocation assistance range between $5,000 and $20,000. The program is being offered on a limited basis for investor-approved, pre-offer short sales.
Bank of America is calling it a pilot “test-and-learn” program.

If successful in Florida, Bank of America says the “test-and-learn” could be expanded to other states.

Posted by John Meyer on October 13th, 2011 10:32 AMPost a Comment (0)
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