Hamilton Mill Dacula GA Ready – Set – Go – Let the Foreclosures Begin – B of A reviewed 102,000 foreclosures in the 23 states and off to the Court House Steps we Go

[Bob Burman, race car driver] (LOC)

Image by The Library of Congress via Flickr

Hamilton Mill Trilogy Park Dacula Hoschton GA Short Sale Foreclosure Home Update –

Bank of America reviewed 102,000 foreclosures in the 23 states where a court must sign off on the proceedings, and it is now restarting the process on those cases, the company said yesterday.  The company said the first of the new affidavits will be submitted by Oct. 25, and that it will continue its review in 27 other states.  According to a spokeswoman for the bank, no errors were found during the review, and fewer than 30,000 foreclosure sales across all 50 states will be delayed as a result of the investigation.  The announcement comes one day before the bank’s third quarter earnings report, and might ease investor concerns over the scale and timeframe of the bank’s review process.  “This is an even better outcome than we previously thought,” said Paul Miller, an analyst at FBR Capital Markets. “We thought January was a more likely time to restart the [foreclosure] process.”  All told, 1.8 million loans are in foreclosure in the 23 so-called judicial states, while 1.3 million are pending elsewhere in the country, according to a Morgan Stanley analyst report.

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Send me an e-mail at rlorans@gmail.com. I will contact you for a Free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (770) 866-2561.

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Thanks for reading this, Roland Lorans.

Roland is a Real Estate Agent at Better Home and Gardens Real Estate Metro Brokers .

Phone: (770) 866-2561 or (404) 843-2500 rlorans@gmail.com.

View our Website for FREE at HelpMeSaveMyHome.

Roland Lorans specializes in Loan modification assistance and Short Sale Homes in Hamilton Mill Dacula, Buford, Suwanee, Alpharetta GA and Metro Atlanta Georgia.
My TEAM will show you how to Find a great Short Sale property and get a FREE Foreclosure List.

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