Need Short Sale Help? Is your lender Bank of America? Cape Coral and Fort Myers Short Sale Help

Bank of America Leads Lenders in U.S. Home Short Sale Approvals


Bank of America Corp., the U.S. lender with the most housing-related writedowns, is allowing the highest number of properties to be sold at a loss as short sales become an increasingly common foreclosure alternative.
The Charlotte, North Carolina-based bank approved 5,276 short sales in January, topping JPMorgan Chase & Co. , with 2,976, and Wells Fargo & Co., the biggest home-loan originator, with 2,788, according to a report today by RealtyTrac Inc. The total number of U.S. short sales, in which properties are bought for less than what’s owed on them, rose 33 percent from a year earlier in January, the latest month for which figures are available, and is expected to set a record this year, the Irvine, California-based data provider said.

We use an online based system to communicate and negotiate all of our Short Sales and we have had great result. In most cases we were able to get our sellers relocation assistance of up to $3000 to cooperate with a short sale and the best part was the seller avoided a deficiency judgment which would allow them to apply for a loan allot sooner than if they would have just walked from the property and foreclosed. Here in SW Florida- Cape Coral, Fort Myers, Lehigh Acres we have closed several hundred Short Sales.

This program is one we try and qualify all of our sellers in Lee county, Cape Coral, Fort Myers, Lehigh Acres for and help them throughout  the process. The program is a HAFA (Home Alternative Foreclosure Assistance) and is offered to a large number of home owners. If you would like more information on HAFA or a possible Short Sale you may contact us at  

www.OnlyFloridaHomes.com