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Fighting Bank of America and Foreclosure Real estate owned (REO) is property owned by a lender – usually a bank or government entity – after an unsuccessful sale at a foreclosure auction. What to look for in US bank earnings – Wells Fargo follows an hour later, at 8am on Tuesday, followed by Bank of america. short-term certificates of deposit or even demand deposits.

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In one instance, a Brookstone attorney guided clients through what turned out to be an illegal bankruptcy to dodge foreclosure. In another, Brookstone somehow signed a couple in Idaho up for a mass.

Separately, some lenders will encourage owners to consider a short sale. Armando Tiongson Jr. of Rockaway, N.J., says Bank of America recently. the short sale mainly to avoid foreclosure,” Tiongson.

Bank of America & Short Sales? Asked by Sara, Fairfax County, VA Mon Feb 15, 2010. We are trying to purchase a short sale that has a 1st 2nd mortage through BoA. Just wondering how they were to deal with and if anyone has countered on a short sale with them and suceeded.

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Bloomberg.com noted back in 2012 that the Bank of America Corp. topped both JPMorgan Chase & Co. and Wells Fargo & Co. when it came approving short sale transactions. Instead of focusing on foreclosures, Bank of America has been emphasizing alternative options, including deeds-in-lieu of foreclosure and short sales.

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Bank of America has resumed foreclosure sales, starting with vacant and non-owner-occupied properties. In October, the bank announced a voluntary freeze on foreclosure sales while it conducted a review of its foreclosure processes.

A bank-owned foreclosure home is one in which a bank repossessed the home from its owner after he defaulted on his loan. These sorts of properties are also called REO (real estate owned) homes.