Clay County, IL Real Estate News

By Bill Arce, Real Estate Latino Network
(Real Estate Latino Network)
NEW BofA Processing Policy for Short-sales This update regarding BofA's process pertains particularly to their Jr. lien / HELOC processing dept. the Home Retention Team. What I noticed as a pattern developing a while ago was that all our offers for release of lien were being declined, and I do mean ALL OF THEM. Frustrated, I reached out to a BofA V.P. I know within Loss Mit. She was able to confirm for me what I had suspected; a policy shift whereas all short-pay offers are to be declined unless the offer is equal to or greater than 10% of the remaining balance. That's right, BofA is seeking no less than 10% CASH recovery. Its important to note the key word (CASH) is not negotiable; and that's cash at closing. Important also to note that the 10% figure is not automatic, meaning this is ...
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Christina L. Taylor51-year-old Cisne resident, Christina L. Taylor died Wednesday, February 27 at 9:23 a.m. as a result of a traffic accident. She was the Office Manager at Stauder Eyecare in Fairfield.  An active member of the Blue Point Free Will Baptist Church in Cisne, she and her husband led the Junior Church ministry and was associated with the Women Nationally Active for Christ.Survivors include her husband, Ernie Taylor of Cisne; two daughters, Joy Davison of Aix-en Provence, France and Amy Taylor of Nashville, TN; her parents Galen and Marion Conard of Flora; four sisters, Brenda Simpson of Fairfield, Lorie Freeman of McLean, VA, Cathy Draughn of Macedon, NY and Gayla Smith of Ashland City, TN; neveral nieces and nephews and her grandchildren, who are the Blue Point Junior Chur...
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