Mark Daya- Foreclosure Prevention/ Short Sale Specialist

Over the past few months, C.A.R. has worked with Bank of America to make changes to the bank’s short sale purchase contract addendum and Short Sale Real Estate Licensee Certification.  Starting April 14, along with other changes, agents and brokers are no longer required to sign the Short Sale Addendum.

C.A.R. is pleased BofA has made these changes to its short sale documents in line with C.A.R. recommendations and looks forward to continuing to work with BofA to improve the short sale process in ways that will mutually benefit both REALTORS® and lenders.

https://realestateagent.bankofamerica.com/shortsale/default.aspx

The San Francisco Chronicle

Banks may seize more than 1 million U.S. homes this year after legal scrutiny of their foreclosure practices slowed actions against delinquent property owners in 2011, RealtyTrac said.

Read the full story
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/12/BUPF1MOFAU.DTL