It sounds like the good old days of sending those 40 page faxes to the bank to start the short sale process may be over. It’s being reported that Bank of America may be using Equator (formerly known as REOTrans) to manage their short sale process
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According to the National Association of Realtors (NAR), pending home sales have increased for seven straight months. The Pending Home Sales Index ,* a forward-looking indicator based on contracts signed in August, rose 6.4 percent to 103.8 from a reading
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Short sales are becoming a more common occurrence in the housing market. A report released on June 30 by the Office of Thrift Supervision and the Office of the Comptroller of the Currency said short sales increased by 208.5 percent for the first quarter
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