B of A Cooperative Short Sale.. what is it?? - 03/22/12 01:32 PM
 

 
What is a Cooperative Short Sale?
 
In a Cooperative Short Sale, you list the property for sale at fair market value. If the property is sold, the proceeds from the sale are used to pay off the mortgage debt, even if the proceeds are less than the amount owed on the mortgage. By working with Bank of America and a real estate professional to successfully complete a Cooperative Short Sale, we can help you avoid some of the negative aspects of a foreclosure.
 
B of A started this program to cut down on the time frame … (1 comments)

WHAT YOU NEED TO KNOW ABOUT THE NATIONAL MORTGAGE SETTLEMENT - 03/13/12 08:50 AM
On Monday, March 12th, the proposed Settlement documents were filed in Federal Court revealing what each of the Lenders is required to do. You can read the details at http://nationalmortgagesettlement.com/. How they’ll meet those obligations is critical to upside down homeowners. Those details are slowly emerging through analysis, press-releases, and side deals.  Here’s what you need to know so far:
1.  The Lenders - the Settlement ends lawsuits by the Federal Government and State Attorney Generals against: Bank of America, Wells Fargo, JP Morgan Chase, Citigroup, and GMAC/Ally.
2.  The Settlement - requires the 5 Lenders to collectively provide up to $25 … (0 comments)

 
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Ken Brazil, DRE#00829410

Roseville, CA

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Re/Max Gold

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