Short Sales Just Got Easier in San Diego County!
...If you have 1st and 2nd loans with Bank Of America. It is common to have 1st and 2nd with Bank of America, as Countrywide home loans was extremely active in San Diego. And since Countrywide was acquired by BOA - many San Diegan's have BOA loans.
Here is the press release:
Changes to 2nd Lien Deficiency Waiver Guidelines
Bank of America has extended additional support to homeowners by agreeing to enhanced 2nd lien deficiency waiver guidelines.
- The short sale must be initiated on or after June 1, 2012.
- The 2nd lien must be attached to a 1st lien mortgage owned by Bank of America.
If you determine that the homeowner qualifies for this…