BofA completes more short sales than REO for last 18 months

Just bought my first short sale. wanted to share a timeline. Bank of America. I had a short sale with them wherein we went through 5 negotiators before I got one that was capable of answering emails and calls and giving me. I’ve seen short sales take 12-18 months to get approved, just.

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Federal Housing Administration(FHA) Short Sale. Call us. 800 669 6650. The house wasn’t purchased for rental or used as rental for more than 18-months. the sale of the property must close by the closing date in the short sale agreement. Bank of America reserves the right to change or alter.

On Wednesday, the court- appointed monitor of the settlement said Bank of America, JPMorgan Chase, Wells Fargo and Citigroup were more than halfway done with their requirements to offer borrowers aid.

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There’s only one reason to buy a short sale home – to get a great deal. "Short sale" simply means the sales price is less than the balance of mortgage(s) owed against it Short sales can.

Darwin Booher of Evart, would shorten Michigan’s post-foreclosure redemption period by 120 days — from six months to two months — providing residents with less time to pursue a short sale or..

Is Bank of America obligated to look at the short sale offer we offered on 05/29/08? Seller accepted our 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.

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.

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 ..

Johnson’s recent attempts to get Bank of America to permanently modify. and few renters – homeowners were more likely to avoid foreclosure by getting lenders’ permission to complete short sales,