Bank of America’s Cooperative Short Sale Program

Bank of America’s Cooperative Short Sale Program

Bank of America’s Cooperative Short Sale Program is a new program that began in January 2011 to help provide the quickest route to a short sale decision so that homeowners may explore all their options and avoid foreclosure. Additionally, this streamline approach minimizes challenges of traditional short sales such as having to wait up to 60 days for a representative to even be assigned to your sale.

If qualified, Bank of America will work with homeowner and real estate agent prior to the marketing the home to reach an agreement on the terms of the short sale including approval of the seller and listing price. This means that once an offer is submitted, the Bank will respond to the buyer’s offer in 10 days!! The upside: there are no surprises and the seller will be able to avoid the stigma of a foreclosure!

Benefits of a Successful Cooperative Short Sale with Bank of America:

  • Bank of America will pay the Seller $2,500 for moving expenses
  • Bank of America will not pursue the deficiency amount
  • Bank of America will not foreclose on your home
  • Bank of America assigns a listing price- then re-assesses the price every 2 weeks, until a buyer is found

Eligibility requirements include asset reviews, no second liens or Mi on loan, and require participating investors. To find out if you are eligible, contact Bank of America Short Sale Team at 1-866-880-1232.

Exit Real Estate Solutions is here to help you! If you want to learn more about this short sale program or many more home financing programs, feel free to contact us at our website.

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Blog Signature: Bank of America, Short Sale, Foreclosure, Financing Programs, Selling your home, Avoiding Foreclosure, Behind on Payments, Exit Real Estate Solutions, Jae Kim

Columbia,SC EXIT Real Estate Solutions – Jae Kim, Broker
Buying or selling a home or property should be one of the most enjoyable experiences of your life.  Most of the time, it’s the largest investment you will make.  Jae Kim of EXIT Real Estate Solutions in Columbia, SC is your Award Winning Real Estate expert in BlythewoodColumbiaLugoffElginLexingtonIrmo,ChapinCamden,
CayceWest Columbia, and the rest of Greater Columbia.  This is what we do every day. We can simplify the process for you so that you can enjoy the the experience and avoid the pitfalls that often result in stressful transactions.  Call 803-348-3052 today for World-Class, Award- Winning representation.

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About Jae Kim, Broker/Owner - EXIT Real Estate Solutions

Jae Kim is a an expert Realtor®/Broker in the Greater Columbia Area including the cities of Blythewood, Columbia, Lugoff, Elgin, Lexington, Irmo, Chapin, West Columbia and more. Jae has in depth knowledge and experience in many large neighborhoods including Lake Carolina, LongCreek Plantation, Crickentree, Wildewood, Woodcreek Farms, Governors Grant, Ascot, Ashford, Chestnut Hill Plantation, and Saluda River Gardens. He can help you find anything you are searching for, including homes, houses, condominiums, lots, land, townhomes, foreclosures, short sales and real estate listings for sale. He also has extensive experience in relocations, military transfers, & investments. Jae Kim is a Georgia Tech graduate in Mechanical Engineering. He worked for 12 years in distribution and manufacturing management with companies like Amazon.com, Target, Mobil Chemical , WR Grace , and QVC. Jae has extensive experience in the real estate industry from past purchases and sales (renovations, foreclosures, short sales, duplexes, quads, apartments, commercial property, resort land, etc...). He leverages his experiences to help his clients and their needs. Jae began his real estate career with Coldwell Banker in Camden,SC. He had his first full year in 2005 (see below). Jae moved to RE/MAX in 2007 and started his team. In 2008, Jae became a broker and his team maintained an average of 40 listings with an average price of $200,000. In 2009, Jae received the prestigious CRS designation, placing him in the top 4% of all real estate sales agents nationwide. In May 2009, EXIT Real Estate Solutions, opened its doors to the public with Jae Kim as the Owner/Broker-in-Charge. Jae has exceeded $40,000,000 in transactions and continues to remain in the top 1% of agents in the Greater Columbia area. Jae was the 2010 Top EXIT Realtor® in Greater Columbia and #3 in the entire state. Jae has just recently opened his second office in Irmo, SC and is excited to continue with this success and grow! Recently, Jae Kim was recognized by The State Newspaper for his sustained success in real estate despite the hard market conditions. Previous clients have been overwhelmed with joy after working with him. Many are shocked how quickly he is able to sell their property, and others are thrilled about how easy and stress-free he makes the process of buying or selling a home. They have appreciated his broad knowledge base along with the endless tips and advice he is able to provide. Additionally, they assert that Jae’s hard work, commitment, and professionalism make him THE Realtor® to work with! In his free time, Jae enjoys spending
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