Bank of America is a major lender and mortgage holder in the United States, and many homeowners that are considering a short sale because of financial distress or to avoid foreclosure have Bank of America loans or their loans are serviced by Bank of America.
Because of the proliferation of short sales with Bank of America mortgages, the company has worked for many months streamlining the short sale process and has also developed short sale programs to incentivize short sale versus foreclosure.
If your mortgage is held or serviced with BofA, and you are considering a short sale or are in the process of short sale, make sure you have all the facts and understand their short sale programs: Here is a link directly to Bank of America’s Short Sale Programs.
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