Bryant Tutas <brokerbryant@gmaiI.

com>
FIorida Enhanced Short SaIe ReIocation Assistance
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Bank of America Short SaIe Communications <ReaItor-
AgentFeedback@maiI.reaIestateagent.bankofamerica.com>
Tue, Oct 4, 2011
at 5:13 PM
Reply-To: Bank of America Short Sale Communications <reply-feff177277640d-3205_HTML-
144697084-10172955-0@mail.realestateagent.bankofamerica.com>
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FIorida Agents:
FIorida Enhanced Short SaIe ReIocation Assistance
Florida homeowners may receive $5,000 to $20,000
in relocation assistance.
Bank of America encourages distressed homeowners to explore a short sale as a viable
option for avoiding foreclosure. To that end, for a limited time we are offering enhanced
relocation assistance to help motivate homeowners to engage with us on a pre-offer short
sale. An additional benefit for these pre-offer programs - such as the Home Affordable
Foreclosure Alternatives (HAFA) and Bank of America's proprietary program - is that
deficiency may be waived for the homeowner.
EIigibiIity:
Homeowners with property in Florida
Short sales initiated without an offer between September 26 and November 30
The customer will have to be eligible for one of the without offer programs such as the
HAFA program or our proprietary program (specific investor participation and eligibility
criteria do apply to these programs)
Successful closing of the eligible short sale by August 31, 2012
Minimum relocation assistance is $5,000 and maximum is $20,000, with the specific
amount calculated based on the unpaid principal balance
ExcIusions:
Ginnie Mae, FHA, VA and USDA loans are ineligible for participation
Lot loans are ineligible for participation
Properties outside the state of Florida are ineligible for participation
Short sales initiated with an offer are not currently eligible for the enhanced relocation
assistance
FrequentIy Asked Questions:
Q: How can find out if my client/homeowner qualifies for this relocation assistance?
A: Call a Bank of America short sale specialist at 1.877.459.2852.
Monday - Friday 8 a.m. - 10 p.m.; Saturday 9 a.m. - 5:30 p.m. Eastern

Q: Do have to do anything differently when initiating or completing the short sale?
A: No. As long as the homeowner's short sale is initiated between September 26 and
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November 30, 2011, and the property closes by August 31, 2012, they will be eligible.
Q: Will the relocation assistance funds be reported on the HUD-1?
A: Yes, they will be documented on the HUD-1, and a 1099-MSC will be issued.

Q: Can the relocation assistance funds be used to pay off existing liens?
A: Yes, if the investor approves it.

Q: s the relocation assistance added to any other incentives, such as the HAFA or
Bank of America proprietary program incentives?
A: No. A homeowner will receive the $5,000 to $20,000 in place of the typical incentive
paid out by these programs. The relocation assistance is essentially an enhancement
to the standard payout offered on these programs.

Q: s the enhanced relocation assistance available for other programs?
A: Currently, the enhanced relocation assistance is only available to short sale
programs initiated without an offer. However, as we gauge the success we may
extend this incentive to other programs.
Questions?
Homeowners and agents may call 1.877.459.2852 to speak to a Bank of America short sale
specialist about this exciting relocation assistance offering.
Visit the Agent Resource Center at bankofamerica.com/realestateagent for additional short
sale education, news and resources to help you complete short sales at Bank of America.

* The relocation assistance payment is calculated based on the unpaid principal balance of the homeowner's loan and the type
of short sale that the homeowner completes, but will not be less than $5,000 or more than $20,000. The payment amount will be
calculated based on the homeowner's loan balance as of August 2011 and the short sale program in which the homeowner is
eligible. The payment will be delivered at the time of closing if the homeowner complies with all terms and conditions of the
Short Sale Agreement, including the satisfaction of all second liens and presentation of clear title for the property (the relocation
assistance payment can be used to clear those liens). f the homeowner does not comply with all terms and conditions of the
Short Sale Agreement, the homeowner will not receive the relocation assistance payment. Even if the homeowner receives
relocation assistance, Bank of America, N.A., and their successors and assigns may reserve and retain the right to pursue
collection of any deficiency following the completion of the short sale, unless otherwise prohibited by law. The amount of the
deficiency and relocation assistance will be reported to the nternal Revenue Service (RS) on the appropriate 1099 Form or
Forms. We suggest that homeowners contact the RS or their tax preparer to determine if they have any tax liability. This offer
is for Florida properties only. To receive the relocation assistance, the property must close by August 31, 2012.
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Questions / Comments:
If you have any questions or comments related to Bank of America's short sale process please contact our
Customer Care line at 1-866-880-1232 or visit bankofamerica.com/realestateagent
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Bank of America Short Sale
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