Bank Of America

“Notice of Intent to Accelerate”

Bank of America has started issuing a , “Notice of Intent to Accelerate”, typically to loans that were previously Countrywide Home loans. Countrywide home loans were purchased by Bank of America and that is who you now make your mortgage payments to. If you’ve received one of these notices I’m fairly certain you are not current on your mortgage and for most, severely behind ...

Bank of America’s New Equator (REO Trans) experience…

Roseville Short Sales Last week Bank of America announced the new online Short Sale management system, Equator. Which to people might mean speedier more up to date management of data. The system was originally used as REO Trans to manage REO (bank owned) properties and now has been adapted to accommodate Short Sales. While it's too early in the process to comment on function I can comment on form. The...

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