In an effort to expediate foreclosure claims, and help service the clients that are current on their mortgage–B of A has decided to create a seperate foreclosure unit. B of A has been taking the lead when it comes to properly service distressed homeowners in the last 6 months, being the first of the mega-banks to put a hault on foreclosures when there was some speculation about the process.
Could this mean a faster, more efficient process for distressed homeowners, or buyers wishing to buy a bank-owned property? Let’s hope so.
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