According to a recent company announcement, Matt Vernon has been named short sale and real estate owned (REO) executive for Bank of America Homes Loans. In his new position, Vernon will develop and implement initiatives to manage and streamline the bank’s efforts to use short sales and other property liquidation ...
In an effort to help rebuild American communities devastated by the foreclosure crisis, the National Association of Realtors (NAR), a trade association with 1.2 million members, has partnered with the National Community Stabilization Trust (NCST), a nonprofit organization that facilitates the transfer of foreclosed and abandoned properties from financial intuitions ...
Fannie Mae says it will cover the closing costs on purchases of its REO homes – an incentive the GSE hopes will help it pare down a bloated supply of repossessed foreclosed properties. The nation’s largest mortgage financier has announced a temporary seller-assistance program under which people purchasing a property ...
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