Based on the Department of Justice settlement, effective June 1, Bank of America is extending additional support to homeowners in agreeing to enhanced 2nd lien deficiency waiver guidelines.
Once you have determined if your homeowner may qualify for this waiver, contact your short sale specialist for establishing the amount to request for the 2nd lien.
Basic qualifications:
• Short sales initiated on or after June 1, 2012
• The 2nd lien must be attached to a 1st lien mortgage owned by Bank of America, Ally Bank, Chase, Citibank or Wells Fargo
Friday, June 15, 2012
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