CONGRATULATIONS!

Congratulations on your decision to make an offer on a Bank of America Foreclosure! As you may be aware, our REO Properties require a Bank of America approval letter before the listing agent can submit your contract to the Asset Manager. Bank of America is committed to being a responsible lender and wants to make sure this is a smooth transaction for everyone involved. We have come up with our EZ-REO system which will keep everything on track for the buyer, seller and all interested 3rd parties.  
 
REO transactions are not a normal purchase. There are several pieces to this puzzle, most of which is assembled by vendors and employees of Bank of America. For those reasons we are very intent on handling the financing for these properties. Our EZ-REO program was designed to properly relay some of the benefits and give incentives to any borrower who chooses to finance one of our REO properties with us.