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Ross Kilburn - Wednesday, August 25, 2010Learn how to get your Bank of America short sale approved with no deficiency in this Bank of America Case Study
Bank of America "No Deficiency" Short Sale Case Study:
Property Location: Lynnwood, WA
Lender: Bank of America (BAC Home Loans)
Hardship: "Our condominium has ...
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In my experience, working with hundreds of Seattle area pre-foreclosure homeowners since 2004, the homeowner is best served when they find closure as soon as possible. Loan modifications, for the vast majority of homeowners, only postpones the inevitable. Consider this reality: Out of 3.1 million delinquent mortgages in September of ...
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Saving property from foreclosure
Author: Mike Greaves
Legal foreclosure is the process in which a bank or other creditor takes over the borrower’s property in lieu of the debt they have to pay, using legal means. A foreclosure step is normally taken by the creditor only when the borrower has not paid the loan dues for a very long ...
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A Short Sale to Avoid Home ForeclosureAuthor: Kris Koonar
You can buy a home before it goes into foreclosure, if you manage to arrange a short sale. A short sale is when the homeowner sells the home to you at a price lower than what they owe to the bank or other lender. Short sales are a way of reducing the loan against the property, so it is more ...
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Short Sale Real Estate: Tips for Selling Your House for Less than Is Owed
Author: Simon Volkov
Short sale real estate references selling property for less than the balance owed on the mortgage loan. This type of transaction is occasionally offered to borrowers who have become delinquent on their home loan and can no longer afford ...
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