Short Sale Update: Changes to 2nd Lien Deficiency Waiver Guidelines

by qinfokusuma 15. June 2012 11:20

Bank of America has extended additional support to homeowners by agreeing to enhanced 2nd lien deficiency waiver guidelines.

Basic qualifications:

* 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.

This waiver enhancement, based on the Department of Justice settlement, went into effect on June 1, 2012. 

To determine your eligibility, please contact:
Rudy L. Kusuma
Team NuVision Foreclosure Prevention Unit
Cell: 626-780-2221


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