Hi, I am Kevin Barmann from ShortByShortSale.com, short sale listing manager for the Matt Fetick Real Estate Team at Keller Williams in Philadelphia. If you’re looking for short sale information and reside in the Philadelphia area, you’ve come to the right place. Our video blogs are here to educate underwater homeowners on their alternatives to foreclosure and supply them with more information on what’s occuring in the short sale world.

What I would like to discuss is the short sale incentive programs that are available. There is a new one that people in our area have been calling me about, the Bank of America co-op program. Ultimately, it’s important to remember when you’re defaulting on your mortgage, it’s important to read the letters you are receiving from your mortgage company, specifically for this scenario with Bank of America. Bank of America is offering incentives for individuals to do a short sale. It is important to read these because they’re not going to send them to me, your real estate agent. They are going to send them directly to you. I will also look to see if you’re eligible, but it’s important to know that you could be getting something that you’d find out before me.

If you are also curious if a short sale is right for you, you can check out the short sale decision calculator on our website. If you enter in some of your basic property and loan information, the calculator will email you a report detailing for you when your home will become an asset again. It’ll also tell you how much money it will cost to get you there. From this information you can determine whether or not a short sale is right for you.

If you’d like help assessing your short sale calculator report, if you have any questions about Bank of America’s co-op program or about short sales in general, please call us at 610.427.4420 or browse our website at SoldByShortSale.com.

For more information on short sales and how to avoid foreclosure, visit the Sold By Short Sale blog or you can also contact the Matt Fetick team and get started today.