Litchfield Park and Goodyear Distressed Homeowners: Bank of America's New Cooperative Short Sale Program
By Cinda Rose, Your Goodyear Area Real Estate Expert!
(Realty ONE Group)
Litchfield Park and Goodyear Distressed Homeowners: Bank of America's New Cooperative Short Sale Program If you are a Distressed Homeowner in Litchfield Park or Goodyear and have a Bank of America loan, your Short Sale experience could be less frustrating. Bank of America recently announced their new Cooperative Short Sale Program. This is great news for Distressed Homeowners because a cooperative approach to Short Sales minimizes many of the challenges in a traditional Short Sale. In order to understand how this approach is beneficial, let's take a brief look at the potential pitfalls of a tradition Short Sale. Pitfalls of a Traditional Short Sale Short Sale Process begins AFTER buyer's offer is received The sales price of the property is not evaluated by the bank until AFTER an ...
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