Jonathan Osman, The Charlotte House Hunter Group - Keller Williams Realty
In February, the Justice Department and 49 states Attorney’s General reached a settlement between themselves and the nation’s five largest mortgage servicers: Bank of America, Ally / GMAC, Citi, Chase, and Wells Fargo. At the time, it was viewed as a monumental accomplishment for foreclosure abuses related to the robo-signing scandal, where banks forged signatures [...]
Bank of America has started reaching out to homeowners in distress to offer them an incentive as a part of their HAFA or Cooperative Short Sale program. The Bank of America Cooperative short sale program isn’t new however this the first time in its existence that it has been heavily promoted. The good news is [...]
Yes, you heard right. A homeowner forecloses on a Bank of America branch in Florida after Bank of America attempts to foreclose on a house that didn’t even have a mortgage on it.
If you have a mortgage with Bank of America (including a former Countrywide loan) and are experiencing trouble making your mortgage payments, you may want to attend the free borrower Outreach Event May 13-14 2011. Bank of America staff will be on hand along with HUD housing counselors to assist in working through a loan [...]
The Bank of America Cooperative Short Sale Program is designed to assist homeowners avoid foreclosure and speed up the short sale process. It is modeled after the Treasury Department’s HAFA short sale program, which Bank of America also participates in. However, as some homeowners are ineligible for HAFA, the Cooperative Short Sale Program is a [...]
For the last week, you have probably gotten your fill of the "robo signature" fiasco where in states with a judicial foreclosure, a program was signing documents for the foreclosing lender. The question remains if a proper review was completed as a part of the review which led a number of lenders stalling foreclosures in [...]
Last week, our group received a phone call from Bank of America regarding our short sale files in progress with the bank. In the call, our representative mentioned that they have now automated much of the short sale process using a new, online system called Equator. Developed by REOTrans, the Equator system shifts the burden [...]
First Step: Contact Bank of America Home Loans: 1-866-880-1232 Bank of America has a number of programs available to assist homeowners facing foreclosure. As a result, the very best place to start with any Bank of America Home Loans file is to start first by calling their Short Sale Customer Care line at 1-866-880-1232. You [...]
