Number one way to avoid a foreclosure and the auction of your home is according to Bank of America is – A SHORT SALE!!! A short sale is the a way to sell your home and settle your motrgage debt for the less than what you own on it! This ...
Bank of America is anticipating a 60-70% increase in short sales for 2012, which will be between 160,000 to 170,000 sales compared to 100,000 in 2011 and 90,000 in 2010. These increases are attributed to many things other than the increasing speed and ease of short sales, including the following ...
Bank of America posted brand new videos that I found to be extremely helpful for agents, on several different complicated topics in regards to the rules of short sales. The first one and what I felt was most important is called, “Initiating the Short Sale”. What exactly is a Short Sale? ...
“I would like to commend Michael Simonini of Showcase Realty for coming to my rescue and helping me favorably part with investment properties I had in North Carolina. In 2006, I purchased a few properties hoping to rent them but, was unable to do so; I found myself paying these mortgages ...
Buying a home is a difficult task for anyone, but is especially tough for those who have experienced a foreclosure or filed for bankruptcy. It may be difficult, but it’s NOT impossible! Here are some tips: 1.      Wait A While The waiting period after these situations can be anywhere from ...
Why has there been an increase in the amount of short sales in the last year? Short sales, which many people are still unfamiliar with, are becoming more and more popular throughout the country with a noticeable increase in many states. Large banks including Bank of America and Wells Fargo have also had an increase in the ...
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