Archive for the Category »Bank of America «
15
May 2012
May 2012
NEW YORK (CNNMoney) — Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure. Under the plan, Bank of America (BAC, Fortune 500) will offer homeowners so-called relocation payments of between $2,500 and $30,000 if they sell [...]
04
May 2012
May 2012
Tech banker leaves BofA. FORTUNE — Johnny Williams has stepped down as a managing director of equity capital markets with Bank of America Merrill Lynch (BAC), where he co-led the firm’s technology, media and cleantech practice, Fortune has learned. Williams had been based out of Palo Alto, originally joining Merrill Lynch’s San Francisco office in [...]
Category: Bank of America, Short Sale News
Tags: Archive, BofA, Breaking News, DSNEWS FEED, Free Info, mortgage tech, Short Sale Info, Technology
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01
May 2012
May 2012
(Reuters) – Bank of America Corp (BAC.N) is planning to cut up to 400 jobs in its investment banking, corporate banking, and sales and trading units, the Wall Street Journal reported, citing people familiar with the situation. An expected sale of the bank’s non-U.S. wealth-management operations in Asia, Latin America and Europe would eliminate up [...]
30
Apr 2012
Apr 2012
(Reuters) – Bank of America Corp (BAC.N) directors rejected allegations by unhappy shareholders that their proposed $20 million settlement of litigation over the purchase of Merrill Lynch & Co was made “on the cheap” and was the product of collusion. The accord would resolve a New York lawsuit claiming the bank’s board, including former Chief [...]
06
Apr 2012
Apr 2012
On April 2, Bank of America announced the latest round of changes to their short sale process. The changes, aimed at streamlining and expediting the process, include new requirements for initiating a short sale and changes to Equator. Beginning April 13, 2012, Bank of America will require the following five forms to be submitted to [...]
04
Apr 2012
Apr 2012
Last month, Bank of America announced a pilot program that will provide some distressed property homeowners with a new foreclosure alternative. This new “Mortgage to Lease” program will allow homeowners facing foreclosure to remain in their homes by converting from home ownership to rental. In this program, participating homeowners will transfer their home titles to [...]
Category: Bank of America, Foreclosures, Short Sale News
Tags: Alex Charfen, BOA, CDPE, certified distressed property expert, Charfen Institute, distressed properties, distressed property, DSNEWS FEED, foreclosure, Free Info, homeowner, In The Media, investors, real estate market, Short Sale, Short Sale Info, short sales, underwater mortgages
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22
Mar 2012
Mar 2012
ATTENTION Agents! In October’s CDPE Industry Broadcast with Bob Hora, SVP Mortgage Servicing Executive at Bank of America Home Loans, Hora affirmed Bank of America’s commitment to streamlining their short sale process. In keeping with this commitment, Bank of America is simplifying their third-party authorization process for short sales. On March 20, Bank of America [...]
Category: Bank of America, Foreclosures, Short Sale News
Tags: Alex Charfen, BOA, CDPE, certified distressed property expert, Charfen Institute, distressed properties, distressed property, DSNEWS FEED, foreclosure, Free Info, homeowner, Industry, Short Sale, Short Sale Info, short sales
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18
Jan 2012
Jan 2012
There’s both good news and bad news on the foreclosure front. The good news? According to RealtyTrac’s Year-End 2011 U.S. Foreclosure Market Report™, total U.S. foreclosure activity and the foreclosure rate were both at their lowest annual level since 2007. The bad news? Foreclosure levels were artificially lowered due to delays following the robo-signing scandal. [...]
Category: Bank of America, Foreclosures, Short Sale News
Tags: BOA, CDPE, certified distressed property expert, Charfen Institute, distressed properties, distressed property, Distressed Property Institute, DSNEWS FEED, foreclosure, Free Info, government, Industry, real estate market, realtytrac, Robo Signing, scandal, Short Sale, Short Sale Info, short sales
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11
Jan 2012
Jan 2012
In an effort to shorten overall cycle times, Bank of America has reduced the window for submitting a backup offer on a short sale from 14 days to eight days after the initial offer becomes invalid. Once a backup offer becomes necessary: Contact your short sale specialist immediately to let him or her know you [...]
07
Dec 2011
Dec 2011
In an effort to reduce cycle time and improve customer service, Bank of America (BOA) announced several changes to their Home Affordable Foreclosure Alternatives (HAFA) short sale process, which agents should be aware of. Highlights include: When a short sale is submitted with an offer and the homeowner is HAFA eligible, BOA will no longer [...]
22
Nov 2011
Nov 2011
Recently, CDPE author and Charfen Institute CEO Alex Charfen hosted an exclusive broadcast with Bob Hora, Senior Vice President of Mortgage Servicing at Bank of America Home Loans. Bob Hora provided insight into Bank of America’s evolving approach to managing their distressed mortgage portfolio, which includes plans to increase short sales by as much as [...]
18
Nov 2011
Nov 2011
Our CEO Alex Charfen is quoted in a recent New York Post article on the growing popularity of short sales as a viable option for homeowners who are underwater on their mortgages. The article references major lenders—including Bank of America, JPMorgan Chase and Wells Fargo—that are offering cash incentives at closing for distressed homeowners who [...]
Category: Bank of America, Foreclosures, Short Sale News
Tags: Alex Charfen, BOA, cash incentive, CDPE, distressed properties, distressed property, DSNEWS FEED, foreclosure, Free Info, In The Media, Industry, JPMorgan Chase, lenders, real estate market, Short Sale, Short Sale Info, short sales, underwater mortgages, Wells Fargo
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07
Oct 2011
Oct 2011
Courtesy of The Palm Beach Post, comes some fresh news for Florida, offering up to $20,000 to short sale vs. foreclosure. The limited time offer has received little promotion from the Charlotte, N.C.-based bank, which sent emails to select Florida Realtors earlier this week outlining basic details of the plan. Only homeowners whose short sales [...]
Category: Bank of America, Short Sale News
Tags: BofA, DSNEWS FEED, florida, foreclosure, Free Info, Market News, reo, Short Sale, Short Sale Info, short sales
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06
May 2011
May 2011
Another Homeowner Avoids Foreclosure
We just closed another short sale in Oceanside California!
Amazingly, our client asked that we tell her story and share it with other people in her situation.
About 18 months ago our client and her husband experienced a medical hardship, and after exhausting their savings , they found themselves unable to make their mortgage payments. Once they could no longer make the payments they decided to call the lender and ask for help. Time and time [ ... ]
01
Apr 2011
Apr 2011
If you have a short sale with Bank of America and your lose the buyer, guess what, you are starting over! I would like to know why this is the case. I am beginning to wonder if they are only looking to extend the process as long as possible.
Do they collect fees for every month they are ‘mitigating loss’ ?
It would seem that way, because the only lenders that move for a quick resolution are those that are servicing their own money? I wonder what investors have to say about this.
If you know something about this subject [ ... ]
Category: Bank of America
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15
Nov 2010
Nov 2010
By Scott Dickensheets
Monday, Nov. 15, 2010 | 2 a.m.
In 2004, two years before I bought my house, a website urged real estate investors thusly: “It is important that investors make their investments as soon as possible. This is because Las Vegas is growing and expanding at a scorching pace.”
In 2005, one year before I bought my house, Ken Jones of something called the Institute of Real Estate Technologies was — in a document on greatlasvegashomes.com — dismissing fears of a bursting real estate bubble: “However, there is no rationale or fact-based reasoning being put forth to support this fear; just that [ ... ]
Category: Bank of America, Banks, Home Buyers, Michael-Edward Cruz, Orange County, Riverside County, San Clemente Talega, San Diego County, Short Sale News, Temecula
Tags: Aviara, Carlsbad, Carlsbad Short Sale Experts, Dana Point Short Sale Experts, Expert Real Estate Services, Find a certified short sale agent, Free Consultation for Short Sale, Michael-Edward Cruz, News, no equity, Real Estate bubble, San Clemente Short Sale Experts, Top Real Estate Agent in, top short sale agent
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19
Oct 2010
Oct 2010
