Posts Tagged ‘Bank Of America’

Bank of America, Notice of Intent to Accelerate

Video Blog (vlog) by REALTOR® Jennifer Klein: Bank of America, Notice of Intent to Accelerate explained by Jennifer Klein (916)230-3880, Or email JK@RosevilleAndRocklin.com.

“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 to Cut More Loan Balances”

Bank of America announced today that they are going to be cutting principal balances for homeowners. The homeowner must be 60 days behind and 120%+ underwater.

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

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 [...]

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