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Bank of America Goes Back on the Wall of Shame

July 22nd, 2011 3:44 PM by Daniel Poulos

    Last week B of A announced a fantastic new policy in their short sale processing.  Instead of immediately closing a file when a buyer walked they announced that they would accept back-up contracts.  The B of A announcement can be found HERE .

    Unfortunately it appears that they did not notify their own loss mitigation department!

by Jupiter, Fl Mortgage Company, Banker and Broker, Danny Poulos


Posted in:General
Posted by Daniel Poulos on July 22nd, 2011 3:44 PM

Great update. Thanks for your continued diligence with these short sales.
Posted by Bill James on July 25th, 2011 10:51 AM


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