BofA completes more short sales than REO for last 18 months

This trend will last for at least 18 months, said Spector. buyers say they have greater flexibility for work-outs such as short sales or deeds-in-lieu of foreclosure, or to foreclose. Their risk is.

NEW YORK (Reuters) – Investors are flocking to home foreclosure. short sale or if they find problems with documentation, he added. In January, more than 12,000 were canceled in California alone, up.

For a more complete. of sales that we did. So I don’t think it’s anything unusual or a trend. It’s just the fact that.

BofA will continue to track late payments and pursue delinquent borrowers under the nationwide suspension that starts Saturday, but will stop short of foreclosure sales. Ally Financial’s GMAC Mortgage.

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 · Update: Bank of America Positive Changes to Their Short Sale Program. Countrywide was one of the largest home loan providers in the United States, as a result they have been overwhelmed with a staggering number of foreclosures and short sales.

In Gallatin County, filing of foreclosure or trustee sale notices accelerated to a record 830 last year, according to the county clerk and recorder’s office. That is 18 percent higher than. for 18.

Americans outlook on housing defies overall economic pessimism Jobless rates stay level or improve in 32 states Economy Watch: state jobless rates stay stable jobless rates bumped up in August for only six states, which is reasonably good news for most state economies and real estate markets. sep 21 20162016: A Year Defined by America’s Diverging Economies Just as income inequality has become a fixture in many Americans’ understanding of the country, so too must accelerating regional divides.7.6 Million Borrowers Underwater on Mortgages: Study Redefault Rates ‘Tragic’, Says Amherst Despite rate reductions seemingly being more effective than principal forgiveness in terms of re-defaults, we note that lowering the balance of a mortgage through a modification by 20% or more results in a re-default rate of 32%, compared to 43% when the balance is increased (mainly due to capitalization)-i.e., balance modifications impact.And now even more borrowers owe more on their mortgage than their home is worth. Obama’s answer is to open up his disappointing Home Affordable Refinance Program to all underwater. a half-million.

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.

BofA completes more short sales than REO for last 18 months NEW YORK ( – Short sales are the hottest thing going in the distressed-property market, and the trend is expected to get even hotter in coming weeks, when the government starts handing. 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.

After a review of more than 300 complaints that his office fielded in a sixth-month period, New York Attorney General Eric Schneiderman last month said he planned to take Wells Fargo and Bank of.