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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Short sales occur when the loan on a property is greater than what the property can be sold for. Learn about this real estate strategy and what is entailed by asking your questions here. Share on Facebook
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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.
If you’re looking to settle your home loan debt and prevent foreclosure, you may want to consider a short sale – selling the property for less than you owe. This may also be an option if you already have a buyer but don’t yet have approval from the owner of your loan to pursue a short sale. Please call us to discuss your options.
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.
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.
More Than Half of 2006 Vintage Now Underwater, Zillow Says Real estate lands spot on S&P Indices Realtor.com – Find Real Estate, Homes for Sale, Apartments. – search real estate property records, houses, condos, land and more on realtor.com. Find property info from the most comprehensive source of home data online.But plummeting home prices over the past several years have left many owners owing more than that. Katzer bought his home for $460,000 in 2006, but he estimates. or a year and a half from now are.
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.
NEW BofA Protocol for Short-Sale Processing (edit/delete) At Century 21 Landmark, TMG we specialize in short-sales.. a policy shift occurring about 1.5 months ago whereas all short-pay offers for release of lien are to be declined unless the offer is equal to or greater than 10% of the.