BofA completes more short sales than REO for last 18 months

BofA completes more short sales than REO for last 18 months Castle & Cooke expands, adds Michael Frazier as regional manager mortgage bankers association adds 11 new members in March

Yet, ironically, on Friday, April 13, Bank of America made a few major changes that may make our short sale processing times more efficient. The goal of these changes is to make short sale processing through Equator (the Internet-based platform) at Bank of America so efficient that short sale approval can be received in less than one month.

Las Vegas September home sales buoyed by move-up buyers Vegas-Area Home Sales Dip in October –  · Las Vegas-area home sales fell in October as sub-$200,000 transactions continued to decline and the share of homes sold to absentee and cash buyers dropped to the lowest level in more than three years. The median sale price rose to $180,000 – the highest in nearly five years, according to San Diego-based DataQuick.

The foreclosure. Bank of America mortgage customers, 1.3 million are in some form of delinquency, including 195,000 who haven’t made a payment in more than 2 years. The troubles prompted the bank.

Jump into the conversation here in the Short Sale Forum on BiggerPockets.. Get Foreclosure Help. 18 about 2 months: Jump to last post: wholesaling auction/ Foreclosed homes. Last post by Tracy Horn, 2 months ago

Bank of America, the largest home mortgage servicer, expects to complete more than 100,000 short sales this year – more than double what it did in 2009, the bank says. wells fargo senior vice president J.K. Huey says short sales have been "steady to slightly" up in recent months, partly because there are fewer bank-owned houses for sale in.

Bloomberg.com noted back in 2012 that the Bank of America Corp. topped both JPMorgan Chase & Co. and Wells Fargo & Co. when it came approving short sale transactions. Instead of focusing on foreclosures, Bank of America has been emphasizing alternative options, including deeds-in-lieu of foreclosure and short sales.

BofA Rolls Out $8.4 Billion Loan Mod Program Mortgage Modification and Refinance Programs. that Bank of America now manages the Countrywide loan portfolio and is moving to restructure mortgages as part of an $8.4 billion. A Bank of America spokesman says the bank will roll out the foreclosure prevention program to all fifty states.Delinquent mortgages, foreclosures outnumber distressed sales 50:1 With foreclosure sales at 78,676 at month end, the volume of serious delinquencies and foreclosures over-shadowed the number of foreclosure sales by 50:1. In fact, there are still significantly fewer foreclosure sales than there were before foreclosure moratoria were put into place, and foreclosure sales are declining.

It is rare today to do a Bank of america short sale. Bank of America short sales earned well deserved black marks beginning in 2005 and lasting well into 2009. Bank of America’s reputation was so bad that some real estate agents refused to list a short sale if Bank of America was involved. Buyer’s agents refused to write offers on those listings.

Bank of America as Second Lien holder. Posted by Michael Williams on January 20, 2011 at 9:31pm in Bank of America Short Sales;. They garner 15-20% more with a short sale over foreclosure however they act like they are doing somebody a favor ~ NOT.

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