Short sale homes are generally less expensive than other houses and a short sale property is likely to be in a better state than a home that has gone into foreclosure. Trying to buy a short sale house, though, could be more trouble than it’s worth. It could take months for a bank to sign off on a short sale.
Home CA pending home sales post first increase in 18 months. CA pending home sales post first increase in 18 months.. bofa completes more short sales than REO for last 18 months.
a foreclosure action or homeowners seeking permission to sell short on their mortgage, has been in decline for a few years as well. In the first few months of 2008, distressed sales were at 8 percent.
There’s only one reason to buy a short sale home – to get a great deal. "Short sale" simply means the sales price is less than the balance of mortgage(s) owed against it Short sales can.
Help With More Bank of america products; foreclosure Alternatives. Call us. 800 846 2222.. The court issues a judgment and a foreclosure sale date is scheduled. Legal notices may be published in local papers.. Link your Bank of America Interest Checking account to your Rewards Savings.
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