AlfonsoGomezBroker.com - Bank of America is trying to finally rid themselves of the foreclosure nightmare it inherited when it bought Countywide Home Loans by agreeing to pay a record $16.65 billion.
My personal experience with Bank of America during the foreclosure waves was not good. They were unorganized and their staff did not care, my opinion. The reality was that they were no different than most other banks at that time. Short sales were a huge burden on everyone, from the homeowner, to the home buyers, investor, realtors, etc.
With foreclosures dwindling down nationwide hopefully that timeframe in real estate can be slowed written into the history book and we all move on to bigger and brighter days.
For the full L.A. Times article click HERE
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