Friday, December 16, 2011

BofA expects 60% to 70% more short sales in 2012

I have often discussed the lenders' move away from the foreclosure / REO model toward a short sale model, and this recent quote from one of Bank of America executives is further confirmation of this trend:
"Bank of America plans a 60 - 70% increase in short sales in 2012. Expand your short sale knowledge. Get training if you don't have the training."  Bob Hora, Bank of America Executive

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