Short Sale, Foreclosure and Strategic Default

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Friday, May 14, 2010

Short Sale update, Bank of America releases deficiencies - sometimes

Bank of America seems to have changed or at least added a new short sale template for their approval letters.

for more on san diego short sales

They may now agree to release the deficiency even on recourse loans.

For a video on short sale and deficiencies.

It may be too early to tell but this could be great news for underwater home owners.

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