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Entries Tagged as 'Bank of America short sales FL'

So far, only 60 take up Bank of America on short sale incentive

January 31st, 2012 · No Comments · Commercial Loans, Foreclosure, Litigation, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Mark Puente, Times Staff Writer   “Only 60 Floridians have received cash from a Bank of America program that pays up to $20,000 to homeowners who sell distressed properties in a short sale. The lender still expects thousands more in the Sunshine State to collect the money before the pilot program ends in August. [...]

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Bank of America Sells Securitization Unit to US Bancorp

November 17th, 2010 · No Comments · Uncategorized

Tweet By: Elan Weisz Special to CNBC.com U.S. Bank, the largest subsidiary of U.S. Bancorp, will acquire the U.S. and European securitization trust administration businesses of Bank of America, the company announced Monday. The deal could be worth as much as $35 million. The transaction, which is expected to close in December, is expected to increase U.S. Bancorp’s [...]

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Bank Of America To Continue Foreclosures

October 24th, 2010 · No Comments · Uncategorized

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Former Countrywide chief settles SEC charges

October 21st, 2010 · 1 Comment · Commercial Loans, News, Real Estate Law

Tweet “Bank of America stuck paying most of the $73 million in fines and penalties” By JACOB ADELMAN The Associated Press “LOS ANGELES — Countrywide Financial Corp. co-founder Angelo Mozilo has agreed to a $67.5 million settlement to avoid trial on civil fraud and insider trading charges that alleged he profited from doling out risky mortgages [...]

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Foreclosure procedures undergo extensive review

October 19th, 2010 · No Comments · Uncategorized

Tweet “By Stephanie Armour, USA TODAY Recent revelations about mortgage lenders filing possibly faulty court papers to foreclose on homes has sparked a public outcry and called into question tens of thousands of foreclosures. Here’s a look at the issue and its impact. Q: How did this come to light? A: Lawyers for homeowners fighting [...]

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A Word of Advice For Buyers Looking to Buy a “Short Sale”

July 9th, 2010 · No Comments · Foreclosure, loan modification, Short Sales, Uncategorized

Tweet Short sales in Pinellas County Florida currently make up approximately 50% of residential real estate transactions.  As short sale purchase can be a opportunity for a buyer to acquire property at its true fair market value, i.e., what it is really worth in today’s market, not what it was worth back in 2004, 2005 [...]

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Wachovia Short Sales Being Transferred to Wells Fargo

October 13th, 2009 · No Comments · loan modification, Real Estate Law, Short Sales, Uncategorized

Tweet For anyone who has been negotiating short sales for client over the last couple of years, you first saw your Countrywide files get transferred to Bank of America, then WaMu files to JPMorgan Chase; and then Taylor, Bean & Whitaker files to God who know how many different servicing agents. Well, the latest transfer [...]

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