Tag Archives: Bank of America

Investment Lot – Fairview, NC

lot-photo

This was an investment lot near Asheville, North Carolina with a Bank of America loan.  The final sale price was approximately 44% of the outstanding loan balance.     But that’s not the best part…the best part is that the short sale approval letter from Bank of America waived any right to pursue the deficiency […]

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North Carolina Receives Aid for Short Sales

In April, 49 state attorney general offices and several federal agencies reached a $25 billion settlement with 5 major lenders (Wells Fargo, Bank of America, Citi, Chase, and Ally/GMAC).  The settlement was the result of suspect lending practices and automated foreclosure processes (“robosigning”). The state of North Carolina received approximately $338 million from the settlement. […]

Posted in Bank of America, North Carolina Short Sale News, Short Sale Info for Realtors, Short Sale Info for Sellers, Wells Fargo | Also tagged , , , | Comments closed