Dawn Barrier eXp Realty Vegas's Blog – December 2009 Archive (3)

BANK OF AMERICA, Fannie Mae, REO Trans & REDC processing Short Sales

Ok, I have to give credit to Robin Rowland for tipping us off to this originally. I made a few calls and here is what I've found out.....







Bank of America has contracted withREDCto process their Fannie Mae Short Sales using the REOtrans/Equator portal.



They also will be working some of Wells Fargo short sales, Metlife short sales and GMAC short sales as well.



The idea is to help… Continue

Added by Dawn Barrier eXp Realty Vegas on December 17, 2009 at 11:56am — 4 Comments

Bank of America Lawsuit..Las Vegas Attorney Files Class-action suit against Bank of America regarding Loan Modifications

The suit was filed on behalf of homeowners facing foreclosure in NEVADA who say there has been no progress made with regard to negotiations with their lender.



"And that's why what we're calling for in this lawsuit," explains attorney Matthew Q. Callister. "(It) is an automatic stay of any further Bank of America foreclosures until such time as every Southern Nevadan avails himself of his right under federal law to have that fundamental 'good faith' negotiation."



The… Continue

Added by Dawn Barrier eXp Realty Vegas on December 17, 2009 at 11:02am — No Comments

Titanium Solutions is processing Bank of America Short Sales

Titanium Solutions is currently processing Bank Of America Short Sales that are Freddie Mac loans.



Bank of America has contracted with Titanium and Bank of America assigns the short sale to Titanium Solutions.



So you could be months into a deal and get a call from Titanium as I did. It is supposed to help speed up the process, but no guarantee of course.



You will have to sumbit the whole package again to… Continue

Added by Dawn Barrier eXp Realty Vegas on December 17, 2009 at 10:30am — 1 Comment

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