BofA completes more short sales than REO for last 18 months

 · Equator now offers short sale certification program.. We are now purchasing it for $30,000 less as an REO. YAY Bank of America.I would never trust.

The cure to zombie foreclosures JW Showcase NEW YORK – JW Player, a leading digital and mobile video solutions company, today released the JW Showcase, a free and open-source video web app builder that makes it easy for anyone to create a.

BANK OF AMERICA PAYS TO SHORT SALE "REALTOR TAMI SANER 916-417-6162". These sales are generally more cost effective for banks than foreclosures.. maintenance expenses and legal fees that can build up for months, even years, as foreclosures work through the system.

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 · Short Sale Offer Price is Too Low: Banks will request an appraisal, sometimes several appraisals, and may also order a BPO.When the listing agent submits the short sale offer, the agent should also include a comparative market analysis that justifies the price in the short sale offer. If the bank believes it can make more money by taking the property through foreclosure proceedings, the.

 · More short sales are closing now than in the past. Attempting a short sale can be a viable option for someone with nothing left to lose whose trying to avoid a foreclosure. But be warned. if someone tells you the process is simple, is quick, is painless, or is efficient, they’re trying to sell you something. Short sales are none of the above.

It has been a nightmare the last ten months working this short sale file. I have gone over hurdle after hurdle.. 2010 at 1:57pm in Bank of America Short Sales;. If only the foreclosure sale has occurred, but the deed hasn’t transferred and recorded, you may be able to rescue your sale.

How long does a Bank of America short sale approval take? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

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Speeding up short sales – In a short sale, the homeowner’s lender accepts less than what the borrower owes on the mortgage in order to complete the sale. Both parties thus avoid the foreclosure process. under way at GMAC.

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