SHOCKER!! Buyer of a short sale doesn’t own the property he just purchased (or does he?). Seller of the short sale paid off the wrong party (or did he?). The below email was sent to Neil Garfield at Living Lies. Sadly this is not shocking at we know of two other lawsuits where the seller [...]
Bank of America to pay $8.5 Billion
June 30, 2011 By Leave a Comment
On the surface this looks like a win for the investors who lost billions when they bought lousy and in many cases FAKE mortgage backed securities. But the question for Henry Homeowner who is wrestling with his own mortgage woes is, what does this mean to me? Will I benefit from this “win”? I have [...]
Foreclosure info from LPS details banks getting paid 2-3x for the foreclosure!
March 30, 2011 By 3 Comments
The friendly folks at BankofAmericaSuck.com posted information about the screens and the access to info that your bank has about your home loan. LPS, short for Fidelity’s Lender Process Services is the nations largest insurance & foreclosure tracking servicing and is used by many banks to handle the nitty gritty details involved in managing your [...]
Tips for Success with Bank of America’s Equator system
December 6, 2010 By 4 Comments
Part 2 – Equator Tips for Success If you want to be successful in short sales that require Equator make sure to employ these Tips and Traps. Part 1 can be read here The following Equator tips and traps come from Dan Welch. Dan Welch is the lead short sale negotiator for Home Solution Counselors [...]
Traps to Avoid with Bank of America’s Equator system.
December 3, 2010 By 3 Comments
Part 1 – Equator Traps to Avoid. If you want to be successful in short sales that require Equator make sure to employ these Tips and Traps. The following Equator tips and traps come from Dan Welch. Dan Welch is the lead short sale negotiator for Home Solution Counselors. Dan saw the light and fled [...]
Bank of America is ready to resume foreclosures.
October 19, 2010 By Leave a Comment
The Wall Street Journal is reporting that BofA is ready to crank up the foreclosure machine once again. Amazing what can be done when Bank of America might take a financial hit. BofA can’t seem to locate the submitted paperwork for a loan modification (or short sale) at least 30% of the the time. Their [...]
Bank of America Sued In Texas For Abusing Homeowners with Misinformation and Misdirection
July 8, 2010 By 1 Comment
For the most part BAC Home Loans Servicing, LP is the pits. Faxing documents several times in a row because BAC “lost them” or got a new fax number has been the norm for a long time. Before Equator kicked in (which is a whole other story) Bank of America was consistently the slowest servicer [...]
