Foreclosures Help Information

Posts Tagged ‘Bank Of America’

Stop Foreclosure Bank Of America

Question: how many months can you be behind on your mortgage?

I bank with Bank of America and was wondering how many months i could fall behind on my mortgage before they could start the foreclosure process and stop accepting additional payments from me? I have not gotten behind yet but was thinking of doing so to cushion my own account in these tough times.

Answer: Talk to the bank rather than ‘voluntarily’ defaulting on your mortgage.

Save Renee’s House: Stop the Bank of America Foreclosure!

Washington Dc Foreclosed Properties

Question: Where’s the best place to find foreclosed/pre-foreclosed property in Northern VA/Washington, DC area?

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Answer: The current leader on the internet relating to providing information on foreclosures is recognized as RealtyTrac however you do have to pay to receive their informational services on foreclosures. You can also contact your local banks they have OREO (Other Real Estate Owned) departments that handle the properties they have taken back.
There are others that we have found list them on the internet
In this forum participants, such as myself, give opinions on subjects that they feel they know the answer to and sometimes those opinions sound exactly like the right answers but they might not be due to the varying laws in each state, and anyone can make a mistake, that’s why I like to give links to resources that you can check all answers against, including my own opinions, in case my opinions are wrong. Since most of these links are from state & federal government & non profits sometimes they change them, let me know if the links are wrong so I can go find the new ones. So to that end here are some links that you might want to check before relying on information and opinions that you get in here, and that you might be considering following up on and as always verify everything with a licensed professional.
Chase Bank foreclosures

http://mortgage.chase.com/pages/other/co_properties_landing.jsp

Country Wide foreclosures

http://www.countrywide.com/purchase/f_reo.asp

Bank of America foreclosures

http://bankofamerica.reo.com/search/

Regions Bank foreclosures

http://www.regions.com/personal_banking/property_for_sale.rf

NationStar Mortgage

http://www.nationstarmtg.com/Realtors/FindAHome.aspx?state=ALL

U.S. Bank Home Mortgage

https://customercare.fnfismd.com/usbankhomemortgage/reo/reoReport.asp

Wells Fargo

http://www.pasreo.com/reo/consumerSvlt/nav/ConsumerNavL1.jsp/requestPage/consumer/PropertySearch.jsp

IndyMac Bancorp

http://apps.indymacbank.com/individuals/realestate/search.asp

Chase Mortgage

http://mortgage.chase.com/pages/other/co_properties_landing.jsp

[ ] REAL ESTATE FOR SALE BY THE UNITED STATES DEPARTMENT OF AGRICULTURE (USDA):

http://www.resales.usda.gov/

[ ] Real Estate for Sale by US Government Site #1

http://www.firstgov.gov/shopping/realestate/realestate.shtml

[ ] Site #2 http://www.homesales.gov/homesales/mainAction.do

[ ] IRS: Real & Personal Property Sales: http://www.ustreas.gov/auctions/irs/

[ ] Acquiring a VA guaranteed home foreclosed by states: http://www.ocwen.com/reo/residential/res_reofindbystate.cfm?proptype=VA

[ ] Foreclosure requirement by HUD guaranteed loans: http://www.hudclips.org/sub_nonhud/cgi/nph-brs.cgi?d=MLET&s1=90-$%5Bno%5D&op1=AND&SECT1=TXTHLB&SECT5=MLET&p=1&r=39&f=G

[ ] Homes and properties being sold by the different departments in US Government:

http://www.hud.gov/homes/homesforsale.cfm

[ ] USDA Properties for sale all states

http://www.resales.usda.gov/sfhdirect/sfh_prop_main.cfm

Seminar: Buying Auction, REO & Foreclosure Homes
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Foreclosure Help Bank Of America

Question: San Diego will be a “foreclosure sanctuary”?

http://moneynews.newsmax.com/financenews/bank_of_america/2008/07/23/115615.html

Here’s the link. Apparently, San Diego is sueing lenders to stop foreclosures in their city. Gosh, what do you think this will do to property value and future loan availability?

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Answer: What a stupid idea! If a bank can't foreclose, no one will pay their mortgages. Why would you?

If a bank can't foreclose on a mortgage, there is no collateral. No collateral means the mortgage is worthless. The banks will have to write off every mortgage in San Diego whether the home owner is making the payments or not. It will be the biggest banking disaster in history.

If the bank can't secure it's collateral there won't be any mortgages and the value of property in San Diego will drop like a rock because no one can get a mortgage to by it.

Bank of America recorded call regarding foreclosure Part 1 of 2

Bank Of America Foreclosures Help

Question: Why has the media stopped covering the economy? Is the economy some how fixed now that swine flu is out?

With the “outbreak” of swine flu, is the economy suddenly now not issue #1? Has the the swine flu somehow undone all the deficit spending and foreclosures in America? Has it somehow restored the banks confidence in the public?

It’s a little pathetic how a flu that has killed less than a 1,000 people thus far is suddenly dominating the headlines, when the plain ol’ regular flu kills approximately 500,000 people a year.

What new, sensational story will the media run with next week to forget they ever mentioned the swine flu? When will the economy be crappy enough to be worth covering?

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Answer: The media is a one pony show. It cannot multitask and can poorly deal with one issue at a time.

Bank of America Foreclosure Lessons To Find Cheap Homes