October 7th, 2011 
davidguide Bank of America Corp. has rolled out a program in Florida that gives defaulted borrowers up to $20,000 if their houses are sold through a short sale. Some in the industry say the offer is a move to ensure outgoing borrowers keep their properties in good condition. While the program is new for BofA, other mortgage servicers already have similar programs in place. The short-sale program is being offered for a limited time. If it is successful, it could be expanded to more states.
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