He has since announced plans to add 1,000 employees to the short sale staff. BofA currently holds more than 477,000 loans eligible for the.
Amid an awful 12 months for financial stocks, Wells Fargo s shares are only off 6% compared to an 18% decline for JPMorgan Chase, 39% for Citigroup, 35% for Goldman Sachs and 50% for Bank of America ..
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BofA completes more short sales than REO for last 18 months Bank of America, led by chief executive officer brian T. Moynihan, faced more than 15,000. peak of 16,900 last year. While Bank of America survived the Countrywide acquisition, some of its. I was an REO (foreclosure) broker during and after the last crash and there were so many people.
The cash lender can then use the securities to complete other trades, such as to close out short positions where it. the amount outstanding has risen to more than $12 trillion from $4.34 trillion..
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.
The last time Sgt. Bales deployed, to Iraq in August 2009, Bank of America foreclosed on the family’s rental property, a duplex that his wife had bought in 1999 that was also underwater. Within months.
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.
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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.
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Bank of America Smacked with Foreclosure Fraud Lawsuits. Back to News. News Menu. Top Stories;. Now I owe more than what I started with 8 years ago!. I was asking for 18 months and then to be placed at my orginal mortage or modify what I owed would be placed at the end.Now the money I.