Today, along with the approval to participate on a short sale, we got a notice from BofA that indicates the seller's relo incentive, previously approved at $1,000, is being increased to $4,000. Quick Google search didn't turn up any policy changes that I could find. Has anyone else encountered same?
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Check out the FHA board for info. It's part of a BOA settlement with HUD. I previously posted there regarding.
http://shortsalesuperstars.com/group/fhashortsales
There have been several letters being sent out directly to homeowners saying $4k for relo and $7500 for DIL. BOA send them with Titanium assignments.
This is more than just Titanium assignments.
http://www.americanbanker.com/issues/176_151/stevens-fha-bank-of-am...
Take the money, take the money..
I was told from a short sale attorney that sellers are being gifted $500 to $1000. What did you discover?
Call me. 864-485-9283.
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