Joe Kendall Realtor with Sandals Realty 239-560-0726 http://firstname.lastname@example.org writes, I have been doing some reading and studying the impact of Bank of America's buy out of one of the largest Residential mortgage lenders in the country Countrywide Home loans. Based on everything I am reading it looks very favorable that Bank of America will be very motivated to get the foreclosures & Pre-foreclosures off their books and moving on, This is truly is my thoughts on this subject. The foreclosure percentage of loans that they are buying looks to be less then 20% of their current inventory of current home loans and with the recent activity of acceptance of Short Sales in lee County with Countrywide ( I know as I have closed a short sale recently with them and have had detailed discussions regarding this process ) Pre-Foreclosure short Sales Properties are truly not for everyone, but for the buyers who make realistic offers with solid fiancing have a great chance to purchase a good deal in today real estate market place.
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