With Bank of America cooperative short sale program you could receive relocation assistance of $5,000 - $30,000.
With this program you can leave your property with fewer negative consequences than may result from a foreclosure and as a result, your credit will improve sooner.
The Short sale process takes a little extra time, knowledge and effort. One of the many benefits of the co-op short sale is forgiveness of debt, along with relocation assistance.
What is a Short Sale?
In a short sale, you can sell your property at the fair market price even if that value is less than what you owe on your mortgage. The lender then releases its mortgage to permit the sale of the property.