• Click Here to Subscribe to Email updates

  • psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813
  • RSS Colonial Williamsburg News

    • Welcome to Fall with the Center for Teaching, Learning, and Leadership!
      Editor’s Note: The Colonial Williamsburg Center for Teaching, Learning, and Leadership is joining the Making History blog to bring education-related resources and news straight to your inbox, along with the latest news and “freshest advices.”  With classes underway in the nation’s schools, educators nationwide have Colonial Williamsburg on their side in tell […]
    • Art Museums Reach New Audiences Online Through Sotheby’s Partnership
      When you have world-class collections such as we have at the Art Museums of Colonial Williamsburg (known individually as the Abby Aldrich Rockefeller Folk Art Museum, now celebrating its 60th anniversary year, and the DeWitt Wallace Decorative Arts Museum), you want to share them with as broad an audience as possible beyond the visitors who...Read More » […]
    • Haunting on DoG Street Returns!
      Join us as we celebrate the Halloween season with new evening programs, ghost tours, spooky carriage rides, museum talks, and trick-or-treating on DoG Street. Special Events Trick-or-Treating on DoG Street Saturday and Sunday, October 28 and 29 | 2:00 – 5:00 p.m. This Halloween season, Colonial Williamsburg depicts a world turned upside down. The British hav […]
    • John Ross Hamant, 1949 – 2017: An Appreciation
      It is with heavy hearts that we note the passing of longtime Colonial Williamsburg Foundation employee and veteran character interpreter, John Hamant.  Mr. Hamant, a Baltimore native, earned a bachelor’s degree in theater production and a master’s degree in acting and directing from the University of Arizona, but it was his love of archaeology that first...R […]
    • Handling the Heat: Animal Safety & High Temperatures
      The heat index soared this weekend, and that naturally raises questions about safety—for both our costumed interpreters and animals. Besides plenty of water, breaks, and shade, Coach & Livestock utilizes a heat index policy for working animals.  Cattle—like dogs—cannot sweat, so they are removed from work when the heat index reaches 95°.  Horses can swea […]
  • Flickr Photos

Behind on your mortgage payments ? Get up to $30k to sell your short sale home in Hampton Roads

Bank of America has launched a nationwide program that offers delinquent mortgage customers increased assistance with relocation expenses of – between $2,500 and $30,000 – at the completion of a qualifying short sale.

imageQualified homeowners in Williamsburg or Hampton Roads VA who initiate a Preapproved Price Short Sale (without an offer) could be eligible to receive $5,000 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property, depending on the investor involved.

To qualify for the enhanced relocation assistance payments under the new program, sellers must work proactively with the bank to obtain a preapproved sales price prior to submitting a purchase offer to the bank. A short sale must be initiated by the end of this year and close by September 26, 2013, to be eligible for the payment. Qualifying short sales that have already been started but have not closed may be eligible for the relocation assistance.

The amount of assistance provided under the new program will be determined on a case-by-case basis using a calculation that includes the value of the home, amount owed and other considerations.

Initially, the program will be offered on mortgages that are owned and serviced by Bank of America.

Customers who believe they may be eligible for Bank of America’s short sale relocation assistance program may contact program specialist John Womeldorf at 757 254 8136 or email me at John@MrWilliamsburg.com

To help homeowners understand the short sale process and other foreclosure avoidance programs, Bank of America encourages them to visit the Home Transition Services website at www.bankofamerica.com/hometransition.

Frequently Asked Questions:

Q: If a short sale is initiated with an offer, will it qualify for this enhanced relocation assistance?
A:
No. Short sales initiated at the time an offer is received do not qualify for the enhanced relocation assistance funds.

Q: Is the enhanced relocation assistance eligible to non-owner-occupied properties?
A:
Yes, it is available to non-owner-occupied properties.

Q: Will the relocation assistance funds be reported on the HUD-1?
A:
Yes, funds received at closing will be documented on the HUD-1, and a 1099-MISC will be issued.

Q: Can the relocation assistance funds be used to pay off existing liens?
A:
Yes, a homeowner may use funds to pay off existing liens or to help with relocation expenses.

Q: Is the enhanced relocation assistance added to any other incentives, such as the HAFA or Bank of America Cooperative Short Sale Program incentives?
A:
The homeowner incentive will be inclusive of the $3,000 HAFA incentive. For example, if the homeowner is eligible for $5,000, then $3,000 will be from the HAFA funds and the remaining $2,000 will be from Bank of America homeowner incentive funds.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: