Investors looking to acquire houses through short sales just might be in for some good news. One of the largest holders of second liens in the U.S., the Bank of America, says it’s relaxing its policy on payoffs connected with short sales. That’s important because large banks have been major impediments standing in the way…
Tag Archive: distressed sales
We Shocked the World! Westchester County Has Rise in Home Sales
WASHINGTON – Sales of existing homes rose from January to February in an unexpected boost for the slumping housing market as buyers took advantage of deep discounts on foreclosures. Westchester County NY sees Existing Home Sales Turn for the Better!! The National Association of Realtors said Monday that sales of existing homes grew 5.1 percent…