Real estate blog entries tagged with bank of america short sales by Eric Reid (Renaissance Realty Group )

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Home : Blogs : Eric Reid : Georgia Real Estate : Tag "bank of america short sales"

bank of america short sales: Good Job BOA - 06/15/11 11:02 AM

Bank of America completed more short sales than it unloaded previously foreclosed homes every month for the last year and a half.
In May, BofA completed roughly 9,000 short sales compared to 7,000 REO, said David Sunlin, the bank's real estate management executive. With the introduction of the Home Affordable Foreclosure Alternatives program in April 2010, lenders received the first guidelines for these transactions.
Since then, banks find it easier to collect necessary documentation and reduce the time it takes to close these transactions. Recent guideline changes to HAFA could push numbers higher in 2011.
BofA completed more than 95,000 short sales in … (0 comments)

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