BofA completes more short sales than REO for last 18 months

Update: Bank of America Positive Changes to Their Short Sale Program. Countrywide was one of the largest home loan providers in the United States, as a result they have been overwhelmed with a staggering number of foreclosures and short sales.

The data showed that loans becoming delinquent were less likely to proceed to a foreclosure sale during the months after the rule. required servicers to define a complete application as a more.

I had a home in AZ and B of A said they wanted more than the value of. great deal more risk in a short sale than an already foreclosed REO. had been foreclosed on the previous Tuesday – the BofA caller had. That is the risk you take when buying a short sale or foreclosure.. We are almost in month 7.

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Home CA pending home sales post first increase in 18 months. CA pending home sales post first increase in 18 months.. bofa completes more short sales than REO for last 18 months.

Short Sale Queen, Nicole Espinosa Talks Short Sales, REO's and Foreclosures So yesterday Bofa sent us back a counter saying that they would pay 3% instead of the 4500 in closing .. Anyway we signed the contract now we have to wait for the approval letter our realtor is saying it should here by the end of the week ..

Eligibility requirements for the HUD Pre-Foreclosure home sale program include: The home must be owner-occupied. Exceptions to this requirement include homeowners who were forced to move due to involuntary job transfer, death of the homeowner, job loss and divorce, provided the home was not rented out for more than 18 months.

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The type of foreclosure that US Bank will perform depends on which state you are in and the county that your property is located in. US Bank does two types of foreclosures; the judicial foreclosure and the non-judicial foreclosure. Non-Judicial Foreclosure Process. In Non-Judicial foreclosure process, the local county files documents.

And Bank of America. has more than doubled the number of short sales it processed. This is a huge change from even just six months ago when the short-sale market was stalled and most people.

Bank of America [stock BAC][/stock] 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.

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