Tweet 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 [...]
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Posted in Market News
Tagged bank of america, BofA, florida, foreclosure, reo, short sale, short sales
Tagged bank of america, BofA, florida, foreclosure, reo, short sale, short sales
Tweet 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 [...]
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Posted in Education, Market News
Tagged agent, bank of america, BofA, investor, pilot program, short sale, short sales
Tagged agent, bank of america, BofA, investor, pilot program, short sale, short sales
Tweet 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 [...]
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Posted in Market News
Tagged 2nd lien, bank of america, BofA, fannie mae, foreclosure, freddie mac, government, HAFA, HAMP, lenders, loss mitigation, mortgages, short sale, short sales, underwater
Tagged 2nd lien, bank of america, BofA, fannie mae, foreclosure, freddie mac, government, HAFA, HAMP, lenders, loss mitigation, mortgages, short sale, short sales, underwater
Tweet Interesting article credited to CNN today: Video courtesy of CNN: SHORT SALE FRAUD, CITI MORTGAGE, JPM, JP MORGAN, BANK OF AMERICA, HOUSING CRISIS, SHORT SALES Posted By: Diana Olick | CNBC Real Estate Reporter Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage [...]
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Posted in Market News
Tagged bank of america, BofA, fraud, short sale, short sales, subordinate lienholder
Tagged bank of america, BofA, fraud, short sale, short sales, subordinate lienholder
Tweet I found this very interesting blog post the other day which included a transcript of an email that is floating around on the web – essentially a petition for Bank of America to improve its processes and make the short sales process better for all involved. Here is a direct cut from the email: [...]
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Posted in Education, Market News
Tagged bank of america, BofA, news, short sale, short sales
Tagged bank of america, BofA, news, short sale, short sales
