Bank Of America Short Sale Specialist 2013-2014 Update
Short Sale Agent Update – A Message from Bank of America
October 3, 2013
Distressed Arizona Homeowners May Qualify for Phoenix Arizona’s Short Sale Assistance Component
If your financially distressed Arizona clients can no longer afford their homes and are pursuing a short sale, they may be eligible for financial help with their relocation to alternative housing.
The funds come from the Short Sale Assistance Component, part of the Save Our Home AZ Program.
The state of Arizona is providing up to $4,500 in transition assistance to qualified homeowners who can no longer afford to stay in their homes. You can help by advising your distressed clients that they must:
Apply for the funds through their state’s website or by calling 1.877.448.1211.
Maintain their property until their house is sold.
For qualified homeowners, these state funds may be used in addition to any other transition assistance that the homeowner may receive by participating in the Federal Home Affordable Foreclosure Alternatives (HAFA) program or in any other pre-offer short sale program.
To learn more about the Transition Assistance Program’s guidelines, and how your clients may qualify, please visit that program’s website at http://www.azhousing.gov/. You can also direct your clients to call 1.877.448.1211 and identify themselves as Bank of America customers.