Bank of America Short Sale Letter Verification Hotline
You might recall our post titled, “FAKE Short Pay Letters? True Story…” which discussed how an alert settlement agent identified a fraudulent approval letter supposedly issued by Bank of America. She prevented the closing, saving the Company from potential future liability. In an effort to prevent the reoccurrence of such fraud going forward, Bank of […]
The REO Transaction Process [Infographic]
With the housing market continuing to show positive signs with home values and rent prices moving upward, foreclosures continuing to decline, and interest rates at record lows, home buyers are presented with a unique opportunity as they search for real estate in the Puget Sound market.
Because REO or Real Estate Owned Transactions still comprise a significant portion of the inventory in the Puget Sound region, we have created the illustration below that depicts the REO transaction process, breaking it into three general sections; The Beginning, the Middle, and The End.