BofA completes more short sales than REO for last 18 months

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Bank of America. of short sales over the last 18 months,” said Curtis Darragh, a principal broker at Poughkeepsie, New York-based Legacy Land & Homes LLC. “There are fewer foreclosures on the.

Bank of America completed nearly 100,000 short sales in 2010-more than double the previous year. In addition, BofA has consistently completed more short sales than REO sales every month for the last 18 months. It’s a trend to keep an eye on, to b Related posts:Bank of America Gets Failing Mark for Delinquency Resolution Rating Bank of.

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BofA has a lot of programs for short sales including the coop short sale where the seller gets quite a tidy sum (can be tens of thousands of dollars) to help with relocation and moving expenses. Almost all of problems with a short sale can be avoided or mitigated through the selection of a REA that did more than study for the test over a.

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Secrets to Foreclosure Auctions and Tax Deed Sales "Bank of America Merrill Lynch" is the marketing name for the global banking and global markets business of Bank of america corporation. lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC.

Short sale homes are generally less expensive than other houses and a short sale property is likely to be in a better state than a home that has gone into foreclosure. Trying to buy a short sale house, though, could be more trouble than it’s worth. It could take months for a bank to sign off on a short sale.

Are short sales better deals?. even with a Cash offer, I’ve been seeing them take 45-60 days to close because the banks are so backed up. So REO vs. short sale closing times, can very well be just the same.. To answer your question I have to say in this crazy past two months market we had short sales that has been appraised more than the.

Additionally, in the settlement agreement, Price consented to not serve in a public company as either an officer or director for at least 18 months. N.Y. Attorney General stated that " This settlement.