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BofA Resumes Foreclosure Sales
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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BofA Resumes Foreclosure Sales
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
BofA Resumes Foreclosure Sales

December 11 2010 (Brian Moore)
bank_of_america
Charlotte-based Bank of America has announced that it has restarted the sale of foreclosed homes that had been temporarily frozen in October as it reviewed its foreclosure processes.

Initially, the resumption will begin with vacant and non-owner occupied properties. About a third of the banks properties that it services are vacant by the time a foreclosure sale occurs.

The bank also announced, along with JPMorgan, that it would be suspending foreclosure sales and evictions of properties in which they own the loan or have the investor’s authorization from December 20 to January 2. This follows in the foot path of the previously announced policy of mortgage giant Freddie Mac.

Bank of America had previously resubmitted affidavits in 102,000 foreclosure cases in the 23 states where judges sign off on foreclosures. Based on the judge’s rulings, those sales are now proceeding.

The bank had previously announced that an internal review found the basis for its foreclosure decisions was accurate, however, the bank found that it could still make improvements in its foreclosure process including increasing employee training and using new affidavit forms.

Barbara Desoer, president of Bank of America’s mortgage unit, said in a statement, “While we make these improvements, it’s important that we move ahead with efforts to reduce the number of abandoned properties across the country. These properties can drag down home values in neighborhoods and slow the eventual recovery of the housing market.”

In the other 26 states that do not require a judge’s decision, the review of foreclosure procedures is near completion according to bank spokesperson Dan Frahm.

The bank also recently shifted 2,500 employees from its Home Loan business to support homeownership retention initiatives. Bank of America will now 29,000 employees working with distressed homeowners.

Tags: distressed mortgages, foreclosed homes, foreclosure process, suspending foreclosure sales, bank properties, housing recovery

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Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
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December 11 2010 (Brian Moore)
bank_of_america
Charlotte-based Bank of America has announced that it has restarted the sale of foreclosed homes that had been temporarily frozen in October as it reviewed its foreclosure processes.

Initially, the resumption will begin with vacant and non-owner occupied properties. About a third of the banks properties that it services are vacant by the time a foreclosure sale occurs.

The bank also announced, along with JPMorgan, that it would be suspending foreclosure sales and evictions of properties in which they own the loan or have the investor’s authorization from December 20 to January 2. This follows in the foot path of the previously announced policy of mortgage giant Freddie Mac.

Bank of America had previously resubmitted affidavits in 102,000 foreclosure cases in the 23 states where judges sign off on foreclosures. Based on the judge’s rulings, those sales are now proceeding.

The bank had previously announced that an internal review found the basis for its foreclosure decisions was accurate, however, the bank found that it could still make improvements in its foreclosure process including increasing employee training and using new affidavit forms.

Barbara Desoer, president of Bank of America’s mortgage unit, said in a statement, “While we make these improvements, it’s important that we move ahead with efforts to reduce the number of abandoned properties across the country. These properties can drag down home values in neighborhoods and slow the eventual recovery of the housing market.”

In the other 26 states that do not require a judge’s decision, the review of foreclosure procedures is near completion according to bank spokesperson Dan Frahm.

The bank also recently shifted 2,500 employees from its Home Loan business to support homeownership retention initiatives. Bank of America will now 29,000 employees working with distressed homeowners.

Tags: distressed mortgages, foreclosed homes, foreclosure process, suspending foreclosure sales, bank properties, housing recovery

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

December 11 2010 (Brian Moore)
bank_of_america
Charlotte-based Bank of America has announced that it has restarted the sale of foreclosed homes that had been temporarily frozen in October as it reviewed its foreclosure processes.

Initially, the resumption will begin with vacant and non-owner occupied properties. About a third of the banks properties that it services are vacant by the time a foreclosure sale occurs.

The bank also announced, along with JPMorgan, that it would be suspending foreclosure sales and evictions of properties in which they own the loan or have the investor’s authorization from December 20 to January 2. This follows in the foot path of the previously announced policy of mortgage giant Freddie Mac.

Bank of America had previously resubmitted affidavits in 102,000 foreclosure cases in the 23 states where judges sign off on foreclosures. Based on the judge’s rulings, those sales are now proceeding.

The bank had previously announced that an internal review found the basis for its foreclosure decisions was accurate, however, the bank found that it could still make improvements in its foreclosure process including increasing employee training and using new affidavit forms.

Barbara Desoer, president of Bank of America’s mortgage unit, said in a statement, “While we make these improvements, it’s important that we move ahead with efforts to reduce the number of abandoned properties across the country. These properties can drag down home values in neighborhoods and slow the eventual recovery of the housing market.”

In the other 26 states that do not require a judge’s decision, the review of foreclosure procedures is near completion according to bank spokesperson Dan Frahm.

The bank also recently shifted 2,500 employees from its Home Loan business to support homeownership retention initiatives. Bank of America will now 29,000 employees working with distressed homeowners.

Tags: distressed mortgages, foreclosed homes, foreclosure process, suspending foreclosure sales, bank properties, housing recovery

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS