bank of america cooperative short sale: Bank of America Short Sale Policy Update
- 01/23/13 09:14 AM
We received a call the other day from one of our agent friends and a big fan of my short sale team. He was calling to tell us that he went to an office meeting where he was told that Bank of America will be more actively and aggressively pursuing foreclosure in 2013. It’s like that game of Telephone where you whisper a secret in someone’s ear, and then that person whispers it in another ear, and soon the secret has changed ten-fold. In fact, there has been a VERY SMALL AND INSIGNIFICANT CHANGE that Bank of America has made in … (8 comments)
bank of america cooperative short sale: Pre-Approved Short Sales and Pipe Dreams
- 01/08/12 06:15 AM
Rumors, just like viruses, spread like wildfire. And, of course, since I reside in San Diego County, I have my own experiences with wildfire. Like wildfire, there were waves of rumors spread throughout 2011 about the pre-approved short sale. Here’s are some James Joyce-style musings on pre-approved short sales: Often times, pre-approved means that the bank now rules the roost. The bank can dictate terms (including commission), and can also request that the terms and conditions for marketing the property (including the number of open houses required). Another challenge of the pre-approved short sale is that the bank(s) may not approve … (12 comments)
bank of america cooperative short sale: Here's One Foreclosure Alternative - Deed-in-Lieu
- 06/04/11 09:43 AM
We frequently read about different short sale incentive programs—HAFA, TAP, Bank of America Cooperative. Some of these programs also offer options and incentives for borrowers who are considering a deed-in-lieu of foreclosure. I have not written about deed-in-lieu very much, but thought it an appropriate topic since I have gotten a few calls and emails from agents who want to 411. A deed-in-lieu is simply the opportunity for a borrower (mortgagor) or homeowner to convey all the interest in the property back to the mortgagee (the lien holder or the bank). In exchange, the bank will not move ahead with … (9 comments)
We received a call the other day from one of our agent friends and a big fan of my short sale team. He was calling to tell us that he went to an office meeting where he was told that Bank of America will be more actively and aggressively pursuing foreclosure in 2013.
;)
;)
;)
