The St. Petersburg Times reports that the Bank of America short sales program has been offered to 20,000 of the 253,000 Florida homeowners delinquent on their B of A mortgages. Unimpressed, only 3,000 or so have taken the bank up on its offers. The Times reports that qualified program participants could receive up to 5% of their unpaid mortgage balance from B of A with a maximum of $20,000; yet a real estate agent is quoted saying: "I don't see how anyone...will get the $20,000." It should be noted that not all Bank of America Florida mortgage holders were eligible for the program which had a December 12th deadline. Link
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