bank of america: New Rules For Equator
- 09/15/12 04:15 AM
New Rules For Equator We have recently been informed by a manager in the Bank of America Escalations Department, that due to a high influx of new offers being submitted, and escalated, days before a pending foreclosure sale, they have initiated new policies to prevent this practice from occurring. Previously, a new offer could be initiated for a short sale in Equator, and subsequently escalated, up to three days prior to a foreclosure sale date. It appears Bank of America considers this practice to be an abuse of this policy, and the practice of submitting illegitimate offers just to postpone a … (10 comments)
bank of america: Did You Hear The Bank of America Proposed Settlement Is Being Challenged
- 07/10/11 10:43 AM
Did you hear that the Bank of America Proposed Settlement of 8.5 billion is being challenged by a group of bond investors. Their was an article in the Wall Street Journal, "In a court filing Tuesday the group of 11 mortgage-bond investors, who call themselves Walnut Place but otherwise declined to identify themselves, said the parties that crafted the deal with Bank of America have conflicts of interest that raise questions about the fairness of the settlement. "... 'The Walnut Place group said the deal is inadequate.'" As I have been pointing out the problems when the Federal Government picks a company … (0 comments)
bank of america: Bank of America Is Costing Us All Money
- 07/03/11 07:27 AM
Bank of America Is Costing Us All Money Bank of America will pay $8.5 billion to settle with bond investors. One of those bond investors would include Pimco in Newport Beach. When Bank of America purchased the mortgage giant Countrywide they also got their grief. They had allegedly tricked the bond investors into purchasing mortgage securities by falsely stating the quality of the home loans that were resold. It was argued that Countrywide enriched itself at the expense of the investors by continuing to service bad loans. If you note the small banks are closing and do not get Federal bailouts. Bank … (8 comments)
bank of america: Bank of America Now It Is Personal
- 04/23/11 08:05 AM
Bank of America Now It Is Personal to all of you who use Bank of America's on line banking they do not deliver on time and they do not live up to their guarantee. Yes, I scheduled a payment to my storage rental and when you click on the box to pay it premises to deliver at that time. They missed by two days. The payment cannot be clicked on on the sameday that you want it paid by it takes time to deliver. They give you the date it will be delivered by in a separate box or you can choose … (5 comments)
A real estate professional and investor for over 45 yrs look at the market, the laws, the trends and the condition of the market. A runing commentary of one persons professional's opinion.
New Rules For Equator
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