Browsing the archives for the bank of america tag
Courtesy of The Palm Beach Post, comes some fresh news for Florida, offering up to $20,000 to short sale vs. foreclosure. The limited time offer has received little promotion from the Charlotte, N.C.-based bank, which sent emails to select Florida Realtors earlier this week outlining basic details of the plan. Only homeowners whose short sales [...]
Popping up on Twitter and elsewhere today was this new article from Bank of America claiming they have improved their short sales process. There is no date on this article so it’s hard to say when it was originally published, but here are some key pieces of information: High unemployment levels, declining home values and [...]
// Interesting read at CNBC last Friday about banks moving to short sales by Dianna Olick. Earlier this week a top executive at Bank of America told an REO conference in Dallas that the lender would be focusing more on short sales than ever before. At first hearing this, I assumed it was because of [...]
I was reading this article today in the LA Times about lenders becoming increasingly accepting of the short sale process. It mirrors what we have been saying here in this blog since November – that short sales are increasingly becoming accepted and it’s being pushed by politicians and the bank’s best interests. The reason I [...]
Courtesy of The Financial, here is some potentially positive news coming out of Bank of America: a new Short Sale executive has been hired! The good news is that Matt Vernon, the new Short Sale and REO exec, recognizes the volume of short sales that Bank of America deals with. Among other things, he is [...]
